916 14th St NWRoanokeVA24017
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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 916 14th St NW, Roanoke, VA, 24017 uses $79,527 cash to close to unlock $1,789/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,583/mo, and a $1,174/mo payment keeps the spread at $149/mo. Purchase price stands at $239,900, and rental yield measures 7.92% with $1,583/mo rent. Return on cash invested shows 22.16% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 114.69% and total cumulative return in cash records $91,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,583/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24017, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,832 (100%) |
| Owner Occupied HU | 4,937 (45.6%) |
| Renter Occupied HU | 4,745 (43.8%) |
| Vacant Housing Units | 1,150 (10.6%) |
| Median Home Value | $179,363 |
| Average Home Value | $249,002 |
Housing Distribution
Address Breakdown
Residential
10,227
Single Family
9,345
Multi-Family
882
Businesses
659
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