5609 Legate DrRoanokeVA24019
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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 5609 Legate Dr, Roanoke, VA, 24019 listed at $274,999 pairs $2,062/mo rent with a $1,346/mo payment to leave $418/mo cash flow. Total monthly income runs $2,062/mo, and annual cash flow reaches $5,017/yr on $91,162 cash to close. Return on cash invested measures 25.41% in year one, and rental yield registers 9% at a $274,999 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 132.12% and total cumulative return in cash totals $120,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,062/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24019, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,090 (100%) |
| Owner Occupied HU | 9,043 (74.8%) |
| Renter Occupied HU | 2,470 (20.4%) |
| Vacant Housing Units | 577 ( 4.8%) |
| Median Home Value | $274,588 |
| Average Home Value | $316,585 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,366
Multi-Family
734
Businesses
873
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Listed by: Jonathan Emmanue Lazaro • MR REAL ESTATE
Mls Name: RVAR
Mls Provider:
Mls ID: #911518
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