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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Harrisonburg at 1331 Devon Ln, Harrisonburg, VA, 22801 priced at $233,000 converts $2,034/mo rent into $637/mo cash flow after a $1,140/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $7,638/yr on $77,240 invested. Return on cash invested prints 29.8% in year one, and rental yield reads 10.48% against a $233,000 entry. Equity gained on principal adds $1,504/yr, while 5% annual appreciation compiles into $64,374 by year five. Five-year ROI reaches 155.64% and total cumulative return in cash sums $120,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,140/mo payment, not borrower’s personal income.
Townhouse
Built in 1970
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
| 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 |
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
Date | Event | Price |
|---|---|---|
| 2025-07-22 | Sold | $233,000 |
| 2025-06-03 | Pending sale | $240,000 |
| 2025-05-13 | Listed for sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-23 | N/A | N/A | $197,600 | 3.73% |
| 2024-10-23 | $1924.05 | 13.94% | $190,500 | 8.30% |
| 2023-10-23 | $1688.64 | 16.39% | $175,900 | 12.76% |
Listed by: Kemper Funkhouser • Funkhouser Real Estate Group
Mls Name: CAAR
Mls Provider:
Mls ID: #664467
