404 Harrison Ave NWRoanokeVA24016
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 404 Harrison Ave NW, Roanoke, VA, 24016 in Roanoke. At $167,410 it earns $1,423/mo in rent and distributes $338/mo to the owner after the $753/mo payment, a consistent 9.41% yield. DSCR 1.89 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $46,252 in value; $1,542/yr in principal paydown compounds ownership stake. Total projected return: $90,505.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 4.8% |
| Monthly Cash Flow | $338 | $850 |
City averages based on Roanoke market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,423 |
| Total Monthly Debt Service | $934 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1910
2,178 sqft lot
$N/A/sqft
No 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
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
Multi Family
Built in 1910
2,178 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices