3702 Troutland Ave NWRoanokeVA24017
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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 3702 Troutland Ave NW, Roanoke, VA, 24017 generates $1,784/mo in rent and, after a $957/mo payment, leaves $615/mo in cash flow. Total monthly income is $1,784/mo, and annual cash flow is $7,383/yr on $64,808 invested. Return on cash invested sits at 31.3% in year one, and rental yield is 10.95% on a $195,500 entry. Equity gained on principal adds $1,262/yr, while 5% annual appreciation builds toward $54,013 over five years. Five-year ROI reaches 163.7% and total cumulative return in cash sums $106,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,784/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24017, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,832 (100%) |
| Owner Occupied HU | 4,937 (45.6%) |
| Renter Occupied HU | 4,745 (43.8%) |
| Vacant Housing Units | 1,150 (10.6%) |
| Median Home Value | $179,363 |
| Average Home Value | $249,002 |
Housing Distribution
Address Breakdown
Residential
10,227
Single Family
9,345
Multi-Family
882
Businesses
659
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