288 Richardson DrRoanokeVA24019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Roanoke at 288 Richardson Dr, Roanoke, VA, 24019 at $259,950 posts ROI 22.87% with $212/mo cash flow from $1,766/mo rent. Total monthly income equals $1,766/mo, and annual cash flow records $2,549/yr on $86,173 to close. Return on cash invested measures 22.87% and rental yield reads 8.15% at the current $259,950. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,819 by year five. Five-year ROI prints 118.47% and total cumulative return in cash totals $102,086.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,766/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24019, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,090 (100%) |
| Owner Occupied HU | 9,043 (74.8%) |
| Renter Occupied HU | 2,470 (20.4%) |
| Vacant Housing Units | 577 ( 4.8%) |
| Median Home Value | $274,588 |
| Average Home Value | $316,585 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,366
Multi-Family
734
Businesses
873
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