1190 Frederick Rd #209RockinghamVA22801
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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 Rockingham at 1190 Frederick Rd #209, Rockingham, VA, 22801 uses $59,504 cash to close to unlock $16,242/yr annual cash flow and $1,354/mo monthly cash flow. Total monthly income runs $2,477/mo, and a $879/mo payment keeps the spread at $1,354/mo. Purchase price stands at $179,500, and rental yield measures 16.56% with $2,477/mo rent. Return on cash invested shows 47.21% in year one, and 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 249.33% and total cumulative return in cash records $148,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,477/mo property income covering a $879/mo payment rather than investor’s personal income.
Lot
Built in N/A
0.43 Acres lot
$N/A/sqft
$600 annually 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: #649260
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.