324 Salem Ave SW APT 102RoanokeVA24016
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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 324 Salem Ave SW APT 102, Roanoke, VA, 24016 earns from $1,399/mo rent with a $1,218/mo payment. Total monthly income totals $1,399/mo. ROI tracks 14.26% on current figures, and rental yield reads 6.75% at a $248,800 purchase. Equity gained on principal adds $1,605/yr, and 5% annual appreciation supports $68,739 over five years. Five-year ROI reaches 73.86% and total cumulative return in cash sums $60,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,399/mo property income instead of your personal income.
Condo
Built in 2006
892 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24016, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,423 (100%) |
| Owner Occupied HU | 1,159 (21.4%) |
| Renter Occupied HU | 3,460 (63.8%) |
| Vacant Housing Units | 804 (14.8%) |
| Median Home Value | $284,524 |
| Average Home Value | $433,268 |
Housing Distribution
Address Breakdown
Residential
5,017
Single Family
3,783
Multi-Family
1,234
Businesses
685
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