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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 Luray at 156 Rae Ct, Luray, VA, 22835 with 5% annual appreciation on a $259,990 basis while $1,996/mo rent supports operations. Total monthly income totals $1,996/mo and a $1,273/mo payment preserves $441/mo for cash returns. Annual cash flow comes to $5,296/yr on $86,187 deployed, and return on cash invested reaches 26.05% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,830 alongside rental yield of 9.21%. Five-year ROI measures 135.55% and total cumulative return in cash totals $116,822.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,996/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: #VAPA2005182
