








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 Broadway at 138 Olivia Dawn Ln, Broadway, VA, 22815 offers $1,794/mo rent that, after a $1,170/mo payment, leaves $344/mo cash flow. Total monthly income is $1,794/mo, and annual cash flow is $4,131/yr on $79,229 cash. Return on cash invested measures 25.12% in year one, and rental yield stands at 9.01% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 130.7% and total cumulative return in cash reaches $103,548. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,794/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
3,920 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,958 (100%) |
| Owner Occupied HU | 2,754 (69.6%) |
| Renter Occupied HU | 907 (22.9%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $299,893 |
| Average Home Value | $378,164 |
Residential
3,788
Single Family
3,726
Multi-Family
62
Businesses
219
Date | Event | Price |
|---|---|---|
| 2025-03-17 | Listed for sale | $239,000 |
| 2019-05-30 | Sold | $143,500 |
| 2019-04-11 | Pending sale | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-18 | $1116.56 | N/A | $164,200 | N/A |
| 2022-03-18 | $1116.56 | 20.23% | $164,200 | 30.84% |
| 2021-03-18 | $928.70 | N/A | $125,500 | N/A |



Listed by: Megan Morris • Funkhouser: East Rockingham
Mls Name: HRAR
Mls ID: #661980
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.