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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 1468 Melrose Rd, Harrisonburg, VA, 22802 at $344,000 posts ROI 32.54% with $1,200/mo cash flow from $3,257/mo rent. Total monthly income equals $3,257/mo, and annual cash flow records $14,404/yr on $114,036 to close. Return on cash invested measures 32.54% and rental yield reads 11.36% at the current $344,000. Equity gained on principal adds $2,220/yr, and 5% annual appreciation supports $95,041 by year five. Five-year ROI prints 170.32% and total cumulative return in cash totals $194,222.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,257/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22802, Harrisonburg, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,770 (100%) |
| Owner Occupied HU | 6,055 (51.4%) |
| Renter Occupied HU | 5,094 (43.3%) |
| Vacant Housing Units | 621 ( 5.3%) |
| Median Home Value | $337,373 |
| Average Home Value | $376,202 |
Residential
11,172
Single Family
10,123
Multi-Family
1,049
Businesses
579
Date | Event | Price |
|---|---|---|
| 2024-07-03 | Price change | $344,000 |
| 2024-05-01 | Listed for sale | $349,000 |
| 2023-12-08 | Sold | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1802.00 | N/A | $265,000 | N/A |
| 2022-10-16 | $1802.00 | 29.80% | $265,000 | 41.26% |
| 2021-10-16 | $1388.24 | N/A | $187,600 | N/A |
Listed by: Debbie Knupp • Kline May Realty
Mls Name: HRAR
Mls ID: #652380
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
