132 New York AveHarrisonburgVA22801
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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 132 New York Ave, Harrisonburg, VA, 22801 offers $1,807/mo rent that, after a $1,260/mo payment, leaves $254/mo cash flow. Total monthly income is $1,807/mo, and annual cash flow is $3,047/yr on $85,361 cash. Return on cash invested measures 23.48% in year one, and rental yield stands at 8.42% at a $257,500 entry. Equity gained on principal adds $1,662/yr while 5% annual appreciation compounds into $71,143 by year five. Five-year ROI records 121.77% and total cumulative return in cash reaches $103,945. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,807/mo property income versus a $1,260/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,712 sqft 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: Joanne Smith-Knauf • Valley Realty Associates
Mls Name: CAAR
Mls Provider:
Mls ID: #666869