1317 Luke LnHarrisonburgVA22802
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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 1317 Luke Ln, Harrisonburg, VA, 22802 generates $2,034/mo in rent and, after a $1,287/mo payment, leaves $412/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $4,946/yr on $87,151 invested. Return on cash invested sits at 25.58% in year one, and rental yield is 9.28% on a $262,900 entry. Equity gained on principal adds $1,696/yr, while 5% annual appreciation builds toward $72,634 over five years. Five-year ROI reaches 133.29% and total cumulative return in cash sums $116,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
2,613 sqft lot
$N/A/sqft
$50 monthly 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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Listed by: Crissy Nesselrodt • Kline May Realty
Mls Name: CAAR
Mls Provider:
Mls ID: #667460