3041 Timberlane AveRoanokeVA24018
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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 3041 Timberlane Ave, Roanoke, VA, 24018 uses $97,793 cash to close to unlock $6,005/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $2,264/mo, and a $1,444/mo payment keeps the spread at $500/mo. Purchase price stands at $295,000, and rental yield measures 9.21% with $2,264/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 135.51% and total cumulative return in cash records $132,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,264/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24018, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,125 (100%) |
| Owner Occupied HU | 12,406 (68.4%) |
| Renter Occupied HU | 4,608 (25.4%) |
| Vacant Housing Units | 1,111 ( 6.1%) |
| Median Home Value | $361,586 |
| Average Home Value | $429,725 |
Housing Distribution
Address Breakdown
Residential
17,942
Single Family
14,495
Multi-Family
3,447
Businesses
1,677
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