6683 Crowell Gap RdRoanokeVA24014
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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 6683 Crowell Gap Rd, Roanoke, VA, 24014 generates $2,495/mo in rent and, after a $1,556/mo payment, leaves $595/mo in cash flow. Total monthly income is $2,495/mo, and annual cash flow is $7,134/yr on $105,417 invested. Return on cash invested sits at 26.68% in year one, and rental yield is 9.42% on a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 138.86% and total cumulative return in cash sums $146,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,495/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
1.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24014, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,130 (100%) |
| Owner Occupied HU | 5,019 (61.7%) |
| Renter Occupied HU | 2,509 (30.9%) |
| Vacant Housing Units | 602 ( 7.4%) |
| Median Home Value | $350,159 |
| Average Home Value | $429,694 |
Housing Distribution
Address Breakdown
Residential
8,240
Single Family
6,803
Multi-Family
1,437
Businesses
620
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Listed by: Cheryl Cowher • LONG & FOSTER - ROANOKE OFFICE
Mls Name: RVAR
Mls Provider:
Mls ID: #912815
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