802 Morrill Ave SERoanokeVA24013
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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 802 Morrill Ave SE, Roanoke, VA, 24013 offers $1,168/mo rent that, after a $734/mo payment, leaves $272/mo cash flow. Total monthly income is $1,168/mo, and annual cash flow is $3,258/yr on $49,725 cash. Return on cash invested measures 26.46% in year one, and rental yield stands at 9.34% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 137.74% and total cumulative return in cash reaches $68,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,168/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24013, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,487 (100%) |
| Owner Occupied HU | 1,373 (39.4%) |
| Renter Occupied HU | 1,630 (46.7%) |
| Vacant Housing Units | 484 (13.9%) |
| Median Home Value | $107,019 |
| Average Home Value | $179,896 |
Housing Distribution
Address Breakdown
Residential
3,260
Single Family
3,112
Multi-Family
148
Businesses
213
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Listed by: Courtnee W Bishop • MKB, REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #911871
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