1168 Springfield 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
Investment property for sale in Harrisonburg at 1168 Springfield Dr, Harrisonburg, VA, 22801 uses $149,175 cash to close to unlock $6,150/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $3,218/mo, and a $2,203/mo payment keeps the spread at $513/mo. Purchase price stands at $450,000, and rental yield measures 8.58% with $3,218/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 124.73% and total cumulative return in cash records $186,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,218/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.50 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: Gail Mitchell • Old Dominion Realty Inc
Mls Name: CAAR
Mls Provider:
Mls ID: #666373