1333 Devon Ln, Harrisonburg, VA, 22801 | $574/mo Cash Flow

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1333 Devon Ln, Harrisonburg, VA, 22801 | $574/mo Cash Flow | Ziffy

Recently Sold

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Harrisonburg at 1333 Devon Ln, Harrisonburg, VA, 22801 listed at $230,000 pairs $2,028/mo rent with a $1,126/mo payment to leave $574/mo cash flow. Total monthly income runs $2,028/mo, and annual cash flow reaches $6,888/yr on $76,245 cash to close. Return on cash invested measures 28.94% in year one, and rental yield registers 10.58% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 151.43% and total cumulative return in cash totals $115,459. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,028/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1970

2,613 sqft lot

$N/A/sqft

$75 monthly HOA

More details about the property

Investment opportunity near JMU! This 3-bedroom, 1.5-bath townhome is located just half a mile from campus and is fully leased through late July 2026, generating $2,025 in monthly income. Situated on a spacious lot, the property features a rear deck and convenient access to university amenities. This excellent location is near dining, JMU's Sentara Park, and more, making it a good addition to your investment portfolio.

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