501 Lester Ave NERoanokeVA24012
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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 501 Lester Ave NE, Roanoke, VA, 24012 with 5% annual appreciation on a $269,950 basis while $1,626/mo rent supports operations. Total monthly income totals $1,626/mo and a $1,321/mo payment preserves $13/mo for cash returns. Annual cash flow comes to $151/yr on $89,488 deployed, and return on cash invested reaches 20.08% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,582 alongside rental yield of 7.23%. Five-year ROI measures 103.49% and total cumulative return in cash totals $92,613.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,626/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24012, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 7,442 (53.0%) |
| Renter Occupied HU | 5,506 (39.2%) |
| Vacant Housing Units | 1,098 ( 7.8%) |
| Median Home Value | $226,162 |
| Average Home Value | $283,920 |
Housing Distribution
Address Breakdown
Residential
13,750
Single Family
11,722
Multi-Family
2,028
Businesses
1,260
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