140 Rocky Mountain LnNew MarketVA22844
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New Market at 140 Rocky Mountain Ln, New Market, VA, 22844 generates $1,748/mo in rent, after a $1,468/mo payment. Total monthly income is $1,748/mo. Return on cash invested sits at 17.96% in year one, and rental yield is 6.99% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 92.64% and total cumulative return in cash sums $92,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,748/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
3.01 Acres lot
$N/A/sqft
$700 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22844, New Market, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,123 (100%) |
| Owner Occupied HU | 1,319 (62.1%) |
| Renter Occupied HU | 531 (25.0%) |
| Vacant Housing Units | 273 (12.9%) |
| Median Home Value | $314,916 |
| Average Home Value | $399,321 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,801
Multi-Family
79
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Clouse • Valley Realty Associates
Mls Name: HRAR
Mls ID: #653730
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.