The Hanover Plan, Mountain Brook EstatesRoanokeVA24012
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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 The Hanover Plan, Mountain Brook Estates, Roanoke, VA, 24012 generates $1,980/mo in rent, after a $1,884/mo payment. Total monthly income is $1,980/mo. Return on cash invested sits at 15.48% in year one, and rental yield is 6.17% on a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 79.35% and total cumulative return in cash sums $101,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$150 monthly 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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