3611 Preakness CtRoanokeVA24012
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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
Rental property for sale in Roanoke at 3611 Preakness Ct, Roanoke, VA, 24012 priced at $369,000 converts $2,548/mo rent into $332/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,548/mo, and annual cash flow totals $3,989/yr on $122,324 invested. Return on cash invested prints 23.17% in year one, and rental yield reads 8.29% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 120.1% and total cumulative return in cash sums $146,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,548/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.43 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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Listed by: Jen Mcdaniel Koll • BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - MAIN
Mls Name: RVAR
Mls Provider:
Mls ID: #916978
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