645 Montrose Ave SERoanokeVA24013
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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 645 Montrose Ave SE, Roanoke, VA, 24013 at $174,950 posts ROI 26.15% with $301/mo cash flow from $1,347/mo rent. Total monthly income equals $1,347/mo, and annual cash flow records $3,618/yr on $57,996 to close. Return on cash invested measures 26.15% and rental yield reads 9.24% at the current $174,950. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,335 by year five. Five-year ROI prints 136.05% and total cumulative return in cash totals $78,903.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,347/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1924
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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