1257 Lacey Spring RdRockinghamVA22802
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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 Rockingham at 1257 Lacey Spring Rd, Rockingham, VA, 22802 offers $1,820/mo rent that, after a $1,032/mo payment, leaves $560/mo cash flow. Total monthly income is $1,820/mo, and annual cash flow is $6,714/yr on $69,913 cash. Return on cash invested measures 29.51% in year one, and rental yield stands at 10.36% at a $210,900 entry. Equity gained on principal adds $1,361/yr while 5% annual appreciation compounds into $58,268 by year five. Five-year ROI records 154.1% and total cumulative return in cash reaches $107,734. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,820/mo property income versus a $1,032/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.49 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
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Nearby investment properties with comparable prices
Listed by: Christine Stoneburner • Valley Realty Associates
Mls Name: HRAR
Mls ID: #662330
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.