1593 Palomino Trl, Rockingham, VA, 22801 | $373/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1593 Palomino Trl, Rockingham, VA, 22801 | $373/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Rockingham at 1593 Palomino Trl, Rockingham, VA, 22801 priced at $325,400 converts $2,394/mo rent into $373/mo cash flow after a $1,593/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $4,482/yr on $107,870 invested. Return on cash invested prints 24.06% in year one, and rental yield reads 8.83% against a $325,400 entry. Equity gained on principal adds $2,100/yr, while 5% annual appreciation compiles into $89,902 by year five. Five-year ROI reaches 125.17% and total cumulative return in cash sums $135,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,593/mo payment, not borrower’s personal income.

Single Family

Built in 2025

3,484 sqft lot

$N/A/sqft

$75 monthly HOA

More details about the property

Welcome to Phase 3 of The Townes at Congers Creek! These brand new, upscale townhomes are located off Boyers Road, just minutes from Sentara RMH Medical Center, in the Cub Run Elementary school district. These beautiful townhouses will feature a large living room with plenty of natural light, an eat-in kitchen with a large island, Shaker Style cabinetry, stainless steel appliances, three bedrooms, two full bathrooms and a single car garage. Enjoy nine foot ceilings on the main level, a primary suite with walk-in closet, and an unfinished bonus room behind the garage that walks out to the backyard and also includes a roughed in bathroom - perfect for a guest room or home office! Lot 45 is an end unit townhouse with a single car garage and walk out bonus room. Estimated Completion Date - April 30, 2025. Don't miss Phase 1 community amenities including a pavilion with picnic tables, a grilling area and basketball hoop and the expansive playground built in Phase 2 at Congers Creek! Contract on your new townhouse today and make selections for cabinets, countertops, flooring, paint colors and more! Plus... up to a $6,500 closing cost credit is available to buyers... inquire today for further details!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.

Housing Distribution

Housing Statistics

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