3102 Cedarmeade DrRoanokeVA24014
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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 3102 Cedarmeade Dr, Roanoke, VA, 24014 earns $411/mo cash flow from $2,592/mo rent with a $1,786/mo payment. Total monthly income totals $2,592/mo, and annual cash flow totals $4,928/yr on $120,981 capital. ROI tracks 23.98% on current figures, and rental yield reads 8.52% at a $364,949 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,829 over five years. Five-year ROI reaches 124.42% and total cumulative return in cash sums $150,519. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,592/mo property income instead of your personal income.
Single Family
Built in 2003
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24014, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,130 (100%) |
| Owner Occupied HU | 5,019 (61.7%) |
| Renter Occupied HU | 2,509 (30.9%) |
| Vacant Housing Units | 602 ( 7.4%) |
| Median Home Value | $350,159 |
| Average Home Value | $429,694 |
Housing Distribution
Address Breakdown
Residential
8,240
Single Family
6,803
Multi-Family
1,437
Businesses
620
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