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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Harrisonburg at 1451 Butler St, Harrisonburg, VA, 22801 listed at $466,333 pairs $3,030/mo rent with a $2,282/mo payment to leave $243/mo cash flow. Total monthly income runs $3,030/mo, and annual cash flow reaches $2,914/yr on $154,589 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 7.8% at a $466,333 basis. Equity gained on principal adds $3,009/yr, and annual property appreciation at 5% supports $128,839 by year five. Five-year ROI tracks 112.66% and total cumulative return in cash totals $174,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,030/mo property income relative to a $2,282/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
| 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 |
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Listed for sale | $466,333 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $3010.56 | 18.32% | $313,600 | 14.62% |
| 2022-11-11 | $2544.48 | 15.96% | $273,600 | 12.22% |
| 2021-11-11 | $2194.20 | N/A | $243,800 | 4.37% |
Listed by: Lori Clouse • Valley Realty Associates
Mls Name: HRAR
Mls ID: #657897
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
