11 Independence Dr, Luray, VA, 22835 | 6.64% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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11 Independence Dr, Luray, VA, 22835 | 6.64% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Luray at 11 Independence Dr, Luray, VA, 22835 priced at $369,900 converts $2,046/mo rent into after a $1,810/mo obligation. Total monthly income equals $2,046/mo. Return on cash invested prints 18.3% in year one, and rental yield reads 6.64% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 93.95% and total cumulative return in cash sums $115,198. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,046/mo property income covering a $1,810/mo payment, not borrower’s personal income.

Single Family

Built in 1994

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautifully maintained home in the Sunrise Hill subdivision offers welcoming mountain views from the front porch and is truly MOVE-IN ready! Inside, youll find 3 beds, 2 baths, and hardwood floors throughout the main living area, along with an updated kitchen featuring stainless steel appliances. The layout flows comfortably, with a spacious living area and a dining room boasting ceilings over nine feet high, with convenient access to the bedrooms and baths - ALL on a single level. The unfinished basement provides excellent storage space or the opportunity to finish it for additional living area. Enjoy the sun room off the back side of the house, that connects to the cleared, fully fenced backyard, which sits on a nicely sized lot - all perfectly suited for enjoying the outdoors! All of this is just one mile from Downtown Luray, the Hawksbill Greenway, and other local amenities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22835, Luray, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,019 (100%)
Owner Occupied HU	3,628 (60.3%)
Renter Occupied HU	1,352 (22.5%)
Vacant Housing Units	1,039 (17.3%)
Median Home Value	$279,664
Average Home Value	$327,532