832 Mississippi Ave NERoanokeVA24012
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
Investment property for sale in Roanoke at 832 Mississippi Ave NE, Roanoke, VA, 24012 uses $53,007 cash to close to unlock $6,813/yr annual cash flow and $568/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $783/mo payment keeps the spread at $568/mo. Purchase price stands at $159,900, and rental yield measures 11.44% with $1,524/mo rent. Return on cash invested shows 32.76% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 171.52% and total cumulative return in cash records $90,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1927
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24012, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 7,442 (53.0%) |
| Renter Occupied HU | 5,506 (39.2%) |
| Vacant Housing Units | 1,098 ( 7.8%) |
| Median Home Value | $226,162 |
| Average Home Value | $283,920 |
Housing Distribution
Address Breakdown
Residential
13,750
Single Family
11,722
Multi-Family
2,028
Businesses
1,260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices