114 2nd StShenandoahVA22849
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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 Shenandoah at 114 2nd St, Shenandoah, VA, 22849 uses $84,499 cash to close to unlock $6,622/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $2,076/mo, and a $1,248/mo payment keeps the spread at $552/mo. Purchase price stands at $254,900, and rental yield measures 9.77% with $2,076/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 144.6% and total cumulative return in cash records $122,184. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,076/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1923
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22849, Shenandoah, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,317 (100%) |
| Owner Occupied HU | 1,548 (66.8%) |
| Renter Occupied HU | 424 (18.3%) |
| Vacant Housing Units | 345 (14.9%) |
| Median Home Value | $210,897 |
| Average Home Value | $268,755 |
Housing Distribution
Address Breakdown
Residential
2,107
Single Family
2,061
Multi-Family
46
Businesses
95
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Listed by: Erika Ganoe • Nest Realty Harrisonburg
Mls Name: Bright MLS
Mls ID: #VAPA2005160