7730 Old Mill Forest DrRoanokeVA24018
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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 7730 Old Mill Forest Dr, Roanoke, VA, 24018 listed at $789,950 pairs $5,510/mo rent with a $3,866/mo payment to leave $788/mo cash flow. Total monthly income runs $5,510/mo, and annual cash flow reaches $9,459/yr on $259,894 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 8.37% at a $789,950 basis. Equity gained on principal adds $5,097/yr, and annual property appreciation at 5% supports $218,249 by year five. Five-year ROI tracks 122.86% and total cumulative return in cash totals $319,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,510/mo property income relative to a $3,866/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24018, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,125 (100%) |
| Owner Occupied HU | 12,406 (68.4%) |
| Renter Occupied HU | 4,608 (25.4%) |
| Vacant Housing Units | 1,111 ( 6.1%) |
| Median Home Value | $361,586 |
| Average Home Value | $429,725 |
Housing Distribution
Address Breakdown
Residential
17,942
Single Family
14,495
Multi-Family
3,447
Businesses
1,677
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