605 & 607 6th St SERoanokeVA24013
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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 605 & 607 6th St SE, Roanoke, VA, 24013 earns $369/mo cash flow from $1,385/mo rent with a $832/mo payment. Total monthly income totals $1,385/mo, and annual cash flow totals $4,427/yr on $56,338 capital. ROI tracks 27.77% on current figures, and rental yield reads 9.78% at a $169,950 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,954 over five years. Five-year ROI reaches 144.7% and total cumulative return in cash sums $81,521. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,385/mo property income instead of your personal income.
Multi Family
Built in 1906
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24013, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,487 (100%) |
| Owner Occupied HU | 1,373 (39.4%) |
| Renter Occupied HU | 1,630 (46.7%) |
| Vacant Housing Units | 484 (13.9%) |
| Median Home Value | $107,019 |
| Average Home Value | $179,896 |
Housing Distribution
Address Breakdown
Residential
3,260
Single Family
3,112
Multi-Family
148
Businesses
213
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