302 1st St SWRoanokeVA24011
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Roanoke at 302 1st St SW, Roanoke, VA, 24011 projects strong ROI of -0.26%. Rental yield 0.7%. With 5% annual appreciation, the property builds $794,309 in value over five years. Equity growth combined delivers a projected five-year ROI of 11.05%, translating into $89,735 in total cumulative return on $812,188 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.7% | 4.8% |
| Monthly Cash Flow | $(15,505) | $850 |
City averages based on Roanoke market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,681 |
| Total Monthly Debt Service | $16,042 |
| DSCR Ratio | 0.10x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1909
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24011, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 774 (100%) |
| Owner Occupied HU | 44 ( 5.7%) |
| Renter Occupied HU | 614 (79.3%) |
| Vacant Housing Units | 116 (15.0%) |
| Median Home Value | $840,909 |
| Average Home Value | $816,477 |
Housing Distribution
Address Breakdown
Residential
892
Single Family
364
Multi-Family
528
Businesses
516
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
Multi Family
Built in 1909
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24011, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 774 (100%) |
| Owner Occupied HU | 44 ( 5.7%) |
| Renter Occupied HU | 614 (79.3%) |
| Vacant Housing Units | 116 (15.0%) |
| Median Home Value | $840,909 |
| Average Home Value | $816,477 |
Housing Distribution
Address Breakdown
Residential
892
Single Family
364
Multi-Family
528
Businesses
516
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices