323 Whittaker Ave NERoanokeVA24012
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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 323 Whittaker Ave NE, Roanoke, VA, 24012 offers a 9.14% rental yield on a $159,900 purchase with $1,218/mo rent. Total monthly income registers $1,218/mo, and a $783/mo payment leaves $262/mo available for distribution. Annual cash flow reaches $3,141/yr on $53,007 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 134.37% and total cumulative return in cash at $71,226. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,218/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24012, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 7,442 (53.0%) |
| Renter Occupied HU | 5,506 (39.2%) |
| Vacant Housing Units | 1,098 ( 7.8%) |
| Median Home Value | $226,162 |
| Average Home Value | $283,920 |
Housing Distribution
Address Breakdown
Residential
13,750
Single Family
11,722
Multi-Family
2,028
Businesses
1,260
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