1060 Cherrybrook DrHarrisonburgVA22802
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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 Harrisonburg at 1060 Cherrybrook Dr, Harrisonburg, VA, 22802 offers a 9.44% rental yield on a $283,000 purchase with $2,227/mo rent. Total monthly income registers $2,227/mo, and a $1,385/mo payment leaves $422/mo available for distribution. Annual cash flow reaches $5,059/yr on $93,815 to close, and return on cash invested stands at 25.3% in year one. Equity gained on principal adds $1,826/yr while 5% annual appreciation supports $78,188 over five years. Portfolio math shows five-year ROI at 132.03% and total cumulative return in cash at $123,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,227/mo property income against a $1,385/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2009
2,613 sqft lot
$N/A/sqft
$111 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22802, Harrisonburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,770 (100%) |
| Owner Occupied HU | 6,055 (51.4%) |
| Renter Occupied HU | 5,094 (43.3%) |
| Vacant Housing Units | 621 ( 5.3%) |
| Median Home Value | $337,373 |
| Average Home Value | $376,202 |
Housing Distribution
Address Breakdown
Residential
11,172
Single Family
10,123
Multi-Family
1,049
Businesses
579
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Listed by: Yvonne Pirkey • Funkhouser Real Estate Group
Mls Name: CAAR
Mls Provider:
Mls ID: #663952