728 Harrison Ave NWRoanokeVA24016
Nearby investment properties with comparable rents
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
Rental property for sale in Roanoke at 728 Harrison Ave NW, Roanoke, VA, 24016 generates $1,237/mo in rent and, after a $783/mo payment, leaves $281/mo in cash flow. Total monthly income is $1,237/mo, and annual cash flow is $3,368/yr on $53,040 invested. Return on cash invested sits at 26.26% in year one, and rental yield is 9.28% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 136.61% and total cumulative return in cash sums $72,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,237/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices