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40
Values up to $362K, 41 Rentals Confirmed
Updated 13 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The property offers solid rent potential with estimated monthly income ranging between $2,216 and $2,493. This aligns well with current market activity, positioning the home as a competitive rental choice for prospective local tenants. With a strong projected annual yield of approximately 7.54% and a steady market appreciation rate of 3.69%, this investment shows promising long-term growth. These figures suggest a stable opportunity for building equity through consistent rental returns.
More about this home
Neighborhood Assessment
Oak Grove Farms sits in a well-established residential pocket of southwest Roanoke with solid walkability to dining and shopping. The neighborhood shows consistent appreciation—the property appreciated roughly 108% over the past 18 years. However, schools in the immediate area rate modestly (elementary 7/10, middle 4/10, high 3/10), which tempers long-term buyer appeal for families.
Market Activity
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Rental Income
$28K
Yield
7.5%
Appreciation
$14K
Year 1 Estimates
Fix-and-Flip
Updating your home is a fantastic way to boost its appeal. Homes with recent renovations see a price per square foot jump from $170 to $184, representing an 8% increase in value that helps your property truly shine. These enhancements also attract better rental rates and lead to a faster sale, significantly brightening your long-term outlook. Investing in these improvements creates a beautiful, modern space that delights future buyers and maximizes your total return.
Value Add
$26K
Appreciation
$13K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy, with a projected post-renovation value reaching up to $379,000. Renovations should push the home toward the upper end of local price-per-square-foot averages, creating significant equity. With monthly rents estimated at $2,428, the property delivers a stable 8.1% yield. This reliable income stream, combined with steady annual appreciation of over $13,000, makes this an attractive, income-focused asset for a long-term portfolio.
Rental Income
$29K
Yield
8.1%
Appreciation
$13K
Year 1 Estimates, Post Typical Renovation
Estimated value
$375K
$2K below comp median
Comparative Market Analysis
$289K – $675K
~52 days to sell
Based on 8 comps
2072 McVitty Rd SW, Roanoke Investment Report: Flip & Rental Analysis · Frontflip