535 Madison Ave NWRoanokeVA24016
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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 535 Madison Ave NW, Roanoke, VA, 24016 at $164,950 posts ROI 25.64% with $261/mo cash flow from $1,247/mo rent. Total monthly income equals $1,247/mo, and annual cash flow records $3,136/yr on $54,681 to close. Return on cash invested measures 25.64% and rental yield reads 9.07% at the current $164,950. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,573 by year five. Five-year ROI prints 133.4% and total cumulative return in cash totals $72,944.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,247/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1919
4,791 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
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