675 Ray StRoanokeVA24019
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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 675 Ray St, Roanoke, VA, 24019 priced at $399,000 converts $2,578/mo rent into $193/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,578/mo, and annual cash flow totals $2,313/yr on $132,269 invested. Return on cash invested prints 21.66% in year one, and rental yield reads 7.75% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 111.94% and total cumulative return in cash sums $148,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,578/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1996
4.69 Acres 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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