5002 Morwanda St 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
Investment property for sale in Roanoke at 5002 Morwanda St NW, Roanoke, VA, 24017 offers a 14.4% rental yield on a $151,300 purchase with $1,816/mo rent. Total monthly income registers $1,816/mo, and a $741/mo payment leaves $878/mo available for distribution. Annual cash flow reaches $10,540/yr on $50,156 to close, and return on cash invested stands at 40.92% in year one. Equity gained on principal adds $976/yr while 5% annual appreciation supports $41,801 over five years. Portfolio math shows five-year ROI at 215.6% and total cumulative return in cash at $108,138. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,816/mo property income against a $741/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,417 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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