832 Queen Ave NWRoanokeVA24012
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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 832 Queen Ave NW, Roanoke, VA, 24012 uses $82,544 cash to close to unlock $11,127/yr annual cash flow and $927/mo monthly cash flow. Total monthly income runs $2,416/mo, and a $1,219/mo payment keeps the spread at $927/mo. Purchase price stands at $249,000, and rental yield measures 11.64% with $2,416/mo rent. Return on cash invested shows 33.39% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 174.9% and total cumulative return in cash records $144,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,416/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1926
8,250 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
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