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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% |
Rental property for sale in Luray at 155 Rae Ct, Luray, VA, 22835 priced at $249,990 converts $1,996/mo rent into $501/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,996/mo, and annual cash flow totals $6,014/yr on $82,872 invested. Return on cash invested prints 27.17% in year one, and rental yield reads 9.58% against a $249,990 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,068 by year five. Five-year ROI reaches 141.52% and total cumulative return in cash sums $117,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,996/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
1,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22835, Luray, VA area.
| 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 |
Residential
5,635
Single Family
5,484
Multi-Family
151
Businesses
484
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brooks Sears • D R Horton Realty of Virginia LLC
Mls Name: Bright MLS
Mls ID: #VAPA2005642
