6623 Jojo LnRoanokeVA24019
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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
Rental property for sale in Roanoke at 6623 Jojo Ln, Roanoke, VA, 24019 offers $1,922/mo rent that, after a $1,478/mo payment, leaves $117/mo cash flow. Total monthly income is $1,922/mo, and annual cash flow is $1,403/yr on $100,096 cash. Return on cash invested measures 21.31% in year one, and rental yield stands at 7.64% at a $301,950 entry. Equity gained on principal adds $1,948/yr while 5% annual appreciation compounds into $83,423 by year five. Five-year ROI records 110.08% and total cumulative return in cash reaches $110,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,922/mo property income versus a $1,478/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
3,484 sqft 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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