Roanoke, VA — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

4.2%

Below average

Monthly Cash Flow

-$511

After all expenses

Price-to-Rent

14.0

Investor-friendly

DSCR

0.65

Fails

📊 Key Metrics

Median Home Price: $262,004
Average Rent (3BR): $1,490/mo
Price-to-Rent Ratio: 14.0(good)
1% Rule: 0.60%(fails — need 1%+)
Cash-on-Cash Return: -9.6%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 3.8%(-0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +0.3% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.8%

of assessed value (VA avg)

Median Income

$80,615

household (VA avg)

Rent-to-Income

22.2%

Affordable

Section 8 Max Rent

$1,490/mo

3BR voucher payment

🏛️ VA Investor Climate

Landlord Friendly

6/10

State Income Tax

Has state tax

Property Tax

0.8% effective

Population Trend

+0.3% (3yr)

🏘️ Best Zip Codes in Roanoke for Investors

24013

Cap Rate: 8.5%Cash Flow: +$250/mo$144,212

24016

Cap Rate: 7.5%Cash Flow: +$146/mo$163,319

24017

Cap Rate: 6.2%Cash Flow: -$33/mo$186,132

All Zip Codes in Roanoke

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
24013	8.5%	+$250	$144,212	$1,490/mo	1.33
24016	7.5%	+$146	$163,319	$1,520/mo	1.17
24017	6.2%	-$33	$186,132	$1,490/mo	0.97
24012	4.5%	-$356	$231,665	$1,470/mo	0.71
24019	3.8%	-$667	$308,267	$1,720/mo	0.59
24014	3.0%	-$830	$292,343	$1,390/mo	0.47
24018	2.8%	-$1,149	$379,848	$1,720/mo	0.43
24015	2.6%	-$956	$306,164	$1,350/mo	0.41