1312 Luke Ln, Harrisonburg, VA, 22802 | $439/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1312 Luke Ln, Harrisonburg, VA, 22802 | $439/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Currently Rented+ 2 more

3 Bed
2 Bath
1254 sft

1331 Devon Ln, Harrisonburg, VA, 22801

3 Bed
3 Bath
1296 sft

102 Suter St, Harrisonburg, VA, 22802

2 Bed
3 Bath
1152 sft

1304 Luke Ln, Harrisonburg, VA, 22802

3 Bed
1 Bath
1363 sft

131 S Willow St, Harrisonburg, VA, 22802

Nearby investment properties with comparable prices

3 Bed
3 Bath
1220 sft

101 Granite Rd, Rockingham, VA, 22801

3 Bed
2 Bath
1739 sft

5055 Morris Mill Rd, Swoope, VA, 24479

Currently Rented+ 1 more

3 Bed
3 Bath
1680 sft

165 Wakefield Pl, Harrisonburg, VA, 22801

Currently Rented+ 2 more

4 Bed
2 Bath
1504 sft

1460 Devon Ln, Harrisonburg, VA, 22801

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Harrisonburg at 1312 Luke Ln, Harrisonburg, VA, 22802 earns $439/mo cash flow from $2,034/mo rent with a $1,306/mo payment. Total monthly income totals $2,034/mo, and annual cash flow totals $5,266/yr on $88,477 capital. ROI tracks 25.86% on current figures, and rental yield reads 9.14% at a $266,900 purchase. Equity gained on principal adds $1,722/yr, and 5% annual appreciation supports $73,740 over five years. Five-year ROI reaches 134.47% and total cumulative return in cash sums $118,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.

Townhouse

Built in 2025

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Brand New Construction Townhome in Prime Harrisonburg Location! Welcome to Northside Village, a brand-new townhouse community nestled in a rapidly growing and highly sought-after area within the City of Harrisonburg just minutes from downtown, EMU, and JMU. Beautifully crafted 3-bedroom, 2.5-bath townhome, offering 1,224 square feet of thoughtfully designed living space. Bright, open-concept floor plan that effortlessly combines style and functionality. The main level features spacious living areas, highlighted by sleek white kitchen cabinets, stainless appliances and modern finishes throughout. Durable luxury vinyl plank (LVP) flooring flows seamlessly across the main level, with carpet in the bedrooms. Upstairs, the spacious master bedroom offers its own private bath. The two additional bedrooms are perfect for family or guests and share a well-appointed full bath. Buyers who contract early will have the exciting opportunity to personalize their new home by selecting from a variety of available interior finish packages. Plus, there are upgrade options available, including LVP flooring throughout, granite countertops, and a stackable washer/dryer allowing you to elevate your space to your liking. Agent related to owner.

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