3317 Forest Ridge RdRoanokeVA24018
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
Investment Highlights
Rental property for sale in Roanoke at 3317 Forest Ridge Rd, Roanoke, VA, 24018 priced at $179,950 converts $1,482/mo rent into $35/mo cash flow after a $881/mo obligation. Total monthly income equals $1,482/mo, and annual cash flow totals $418/yr on $59,653 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 9.88% against a $179,950 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,717 by year five. Five-year ROI reaches 109.05% and total cumulative return in cash sums $65,053. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,482/mo property income covering a $881/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$367 monthly 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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Listed by: Adam Stephenson • RE/MAX ALL STARS
Mls Name: RVAR
Mls Provider:
Mls ID: #915743
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