








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 1460 Devon Ln, Harrisonburg, VA, 22801 at $265,000 posts ROI 25.16% with $385/mo cash flow from $2,131/mo rent. Total monthly income equals $2,131/mo, and annual cash flow records $4,617/yr on $87,848 to close. Return on cash invested measures 25.16% and rental yield reads 9.65% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 131.56% and total cumulative return in cash totals $115,575.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,131/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
4,791 sqft lot
$N/A/sqft
$450 quarterly 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 |
|---|---|---|
| 2025-04-24 | Listed for sale | $265,000 |
| 2024-07-03 | Sold | $259,000 |
| 2024-06-02 | Pending sale | $254,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $2265.43 | 14.28% | $224,300 | 8.62% |
| 2023-04-24 | $1982.40 | 11.54% | $206,500 | 8.06% |
| 2022-04-24 | $1777.23 | 14.48% | $191,100 | 10.78% |



Listed by: Tina Regan • Funkhouser Real Estate Group
Mls Name: HRAR
Mls ID: #663625
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.