1381 Us Highway 340 Msn N #340LurayVA22835
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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 Luray at 1381 Us Highway 340 Msn N #340, Luray, VA, 22835 generates $3,143/mo in rent, after a $6,140/mo payment. Total monthly income is $3,143/mo. Return on cash invested sits at 7.51% in year one, and rental yield is 3.01% on a $1,254,500 entry. Equity gained on principal adds $8,095/yr, while 5% annual appreciation builds toward $346,595 over five years. Five-year ROI reaches 35.96% and total cumulative return in cash sums $146,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,143/mo property income rather than buyer’s personal income.
Single Family
Built in 1820
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22835, Luray, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,019 (100%) |
| Owner Occupied HU | 3,628 (60.3%) |
| Renter Occupied HU | 1,352 (22.5%) |
| Vacant Housing Units | 1,039 (17.3%) |
| Median Home Value | $279,664 |
| Average Home Value | $327,532 |
Housing Distribution
Address Breakdown
Residential
5,635
Single Family
5,484
Multi-Family
151
Businesses
484
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