644 Montrose Ave 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 644 Montrose Ave SE, Roanoke, VA, 24013 with 5% annual appreciation on a $204,950 basis while $1,782/mo rent supports operations. Total monthly income totals $1,782/mo and a $1,003/mo payment preserves $557/mo for cash returns. Annual cash flow comes to $6,684/yr on $67,941 deployed, and return on cash invested reaches 29.75% in year one. Equity gained on principal adds $1,323/yr, and five-year appreciation sums $56,624 alongside rental yield of 10.43%. Five-year ROI measures 155.31% and total cumulative return in cash totals $105,518.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,782/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1905
5,227 sqft 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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