716 McDowell Ave NWRoanokeVA24016
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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 716 McDowell Ave NW, Roanoke, VA, 24016 offers a 12.62% rental yield on a $129,600 purchase with $1,363/mo rent. Total monthly income registers $1,363/mo, and a $634/mo payment leaves $589/mo available for distribution. Annual cash flow reaches $7,063/yr on $42,962 to close, and return on cash invested stands at 36.35% in year one. Equity gained on principal adds $836/yr while 5% annual appreciation supports $35,806 over five years. Portfolio math shows five-year ROI at 190.76% and total cumulative return in cash at $81,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,363/mo property income against a $634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24016, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,423 (100%) |
| Owner Occupied HU | 1,159 (21.4%) |
| Renter Occupied HU | 3,460 (63.8%) |
| Vacant Housing Units | 804 (14.8%) |
| Median Home Value | $284,524 |
| Average Home Value | $433,268 |
Housing Distribution
Address Breakdown
Residential
5,017
Single Family
3,783
Multi-Family
1,234
Businesses
685
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