6411 Garrett LnRoanokeVA24019
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
Investment property for sale in Roanoke at 6411 Garrett Ln, Roanoke, VA, 24019 earns $295/mo cash flow from $2,932/mo rent with a $2,149/mo payment. Total monthly income totals $2,932/mo, and annual cash flow totals $3,539/yr on $145,529 capital. ROI tracks 22.34% on current figures, and rental yield reads 8.01% at a $439,000 purchase. Equity gained on principal adds $2,833/yr, and 5% annual appreciation supports $121,288 over five years. Five-year ROI reaches 115.64% and total cumulative return in cash sums $168,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,932/mo property income instead of your personal income.
Single Family
Built in 2003
0.27 Acres lot
$N/A/sqft
$150 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derek Dwayne Duncan • REALSTAR, REALTORS(r) LLC
Mls Name: RVAR
Mls Provider:
Mls ID: #911072
Disclaimer: Although the Multiple Listing Service of The Roanoke Valley is the source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. All information is deemed reliable but not guaranteed, and should be independently verified.