3808 Cove Rd NWRoanokeVA24017
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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
Investment property for sale in Roanoke at 3808 Cove Rd NW, Roanoke, VA, 24017 earns $245/mo cash flow from $1,739/mo rent with a $1,223/mo payment. Total monthly income totals $1,739/mo, and annual cash flow totals $2,943/yr on $82,858 capital. ROI tracks 23.46% on current figures, and rental yield reads 8.35% at a $249,950 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,057 over five years. Five-year ROI reaches 121.66% and total cumulative return in cash sums $100,806. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,739/mo property income instead of your personal income.
Single Family
Built in 1958
0.28 Acres 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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