506 Highland Ave SWRoanokeVA24016
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
Total monthly income runs $1,632/mo, and a $1,716/mo payment. Purchase price stands at $350,500, and rental yield measures 5.59% with $1,632/mo rent. Return on cash invested shows 15.12% in year one, and 5% annual appreciation builds toward $96,837 over five years. Five-year ROI reaches 76.9% and total cumulative return in cash records $89,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/mo property income covering a $1,716/mo payment rather than investor’s personal income.
Multi Family
Built in 1924
6,500 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