1161 Lincolnshire DrHarrisonburgVA22802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Harrisonburg at 1161 Lincolnshire Dr, Harrisonburg, VA, 22802 offers $2,958/mo rent that, after a $2,506/mo payment. Total monthly income is $2,958/mo. Return on cash invested measures 19.33% in year one, and rental yield stands at 6.93% at a $512,000 entry. Equity gained on principal adds $3,304/yr while 5% annual appreciation compounds into $141,456 by year five. Five-year ROI records 99.44% and total cumulative return in cash reaches $167,503. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,958/mo property income versus a $2,506/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.61 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mattias Clymer • Funkhouser Real Estate Group
Mls Name: CAAR
Mls Provider:
Mls ID: #664234