83 Michelle LnRoanokeVA24019
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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 83 Michelle Ln, Roanoke, VA, 24019 with 5% annual appreciation on a $499,950 basis while $3,047/mo rent supports operations. Total monthly income totals $3,047/mo and a $2,447/mo payment preserves $58/mo for cash returns. Annual cash flow comes to $701/yr on $165,733 deployed, and return on cash invested reaches 20.33% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,127 alongside rental yield of 7.31%. Five-year ROI measures 104.85% and total cumulative return in cash totals $173,764.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,047/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
0.46 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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