1340 Hunters Rd, Harrisonburg, VA, 22801 | $858/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1340 Hunters Rd, Harrisonburg, VA, 22801 | $858/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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1340 Hunters Rd APT D, 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

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Investment Highlights

Investment property for sale in Harrisonburg at 1340 Hunters Rd, Harrisonburg, VA, 22801 uses $65,969 cash to close to unlock $10,301/yr annual cash flow and $858/mo monthly cash flow. Total monthly income runs $2,048/mo, and a $974/mo payment keeps the spread at $858/mo. Purchase price stands at $199,000, and rental yield measures 12.35% with $2,048/mo rent. Return on cash invested shows 35.52% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 186.35% and total cumulative return in cash records $122,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,048/mo property income covering a $974/mo payment rather than investor’s personal income.

Multi Family

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Prime location and excellent investment opportunity! This 2-bedroom, 2-bath condo is within walking distance to James Madison University and close to all that Harrisonburg has to offer. This layout features a bright living area with sliding doors to a patio and a functional kitchen with wood cabinets and plenty of counter space. Each bedroom includes its own private bath, making the floor plan ideal for roommates, students, or guests. The community offers abundant parking and unbeatable convenience with restaurants, shopping, and a new Starbucks just across the street. Currently leased for $1,750 per month, this property provides immediate rental income and strong investment potential. Whether youre seeking an affordable first home, student housing, or an addition to your portfolio, this condo checks every box. Fully rented through 8/2026.

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