505 Arbor Ave SERoanokeVA24014
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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
Rental property for sale in Roanoke at 505 Arbor Ave SE, Roanoke, VA, 24014 offers $2,474/mo rent that, after a $827/mo payment, leaves $1,382/mo cash flow. Total monthly income is $2,474/mo, and annual cash flow is $16,585/yr on $56,024 cash. Return on cash invested measures 49.51% in year one, and rental yield stands at 17.57% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 262.04% and total cumulative return in cash reaches $146,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,474/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24014, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,130 (100%) |
| Owner Occupied HU | 5,019 (61.7%) |
| Renter Occupied HU | 2,509 (30.9%) |
| Vacant Housing Units | 602 ( 7.4%) |
| Median Home Value | $350,159 |
| Average Home Value | $429,694 |
Housing Distribution
Address Breakdown
Residential
8,240
Single Family
6,803
Multi-Family
1,437
Businesses
620
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Listed by: THOMAS J FELLERS • MKB, REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #919892
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