1161 Nelson DrHarrisonburgVA22801
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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
Rental property for sale in Harrisonburg at 1161 Nelson Dr, Harrisonburg, VA, 22801 offers $4,716/mo rent that, after a $3,301/mo payment, leaves $670/mo cash flow. Total monthly income is $4,716/mo, and annual cash flow is $8,036/yr on $221,911 cash. Return on cash invested measures 23.68% in year one, and rental yield stands at 8.39% at a $674,500 entry. Equity gained on principal adds $4,352/yr while 5% annual appreciation compounds into $186,352 by year five. Five-year ROI records 122.79% and total cumulative return in cash reaches $272,486. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,716/mo property income versus a $3,301/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,135 (100%) |
| Owner Occupied HU | 7,571 (44.2%) |
| Renter Occupied HU | 8,327 (48.6%) |
| Vacant Housing Units | 1,237 ( 7.2%) |
| Median Home Value | $387,728 |
| Average Home Value | $435,761 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
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Listed by: Valley Roots Team • Kline May Realty
Mls Name: HRAR
Mls ID: #662388
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.