4407 Palmer Ave NERoanokeVA24019
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
Investment property for sale in Roanoke at 4407 Palmer Ave NE, Roanoke, VA, 24019 uses $74,571 cash to close to unlock $6,184/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,101/mo payment keeps the spread at $515/mo. Purchase price stands at $224,950, and rental yield measures 9.92% with $1,860/mo rent. Return on cash invested shows 28.2% in year one, and 5% annual appreciation builds toward $62,150 over five years. Five-year ROI reaches 147.06% and total cumulative return in cash records $109,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24019, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,090 (100%) |
| Owner Occupied HU | 9,043 (74.8%) |
| Renter Occupied HU | 2,470 (20.4%) |
| Vacant Housing Units | 577 ( 4.8%) |
| Median Home Value | $274,588 |
| Average Home Value | $316,585 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,366
Multi-Family
734
Businesses
873
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices