161 Reservoir Ave, Luray, VA, 22835 | $713/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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161 Reservoir Ave, Luray, VA, 22835 | $713/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 Luray at 161 Reservoir Ave, Luray, VA, 22835 priced at $379,900 pairs $2,984/mo rent with $713/mo cash flow after a $1,859/mo payment. Total monthly income equals $2,984/mo, and annual cash flow comes to $8,561/yr on $125,937 invested. Return on cash invested is 26.71% in year one, and rental yield stands at 9.43% on a $379,900 basis. Equity gained on principal adds $2,451/yr, and 5% annual appreciation accumulates to $104,959 by year five. Five-year ROI measures 139.03% and total cumulative return in cash reaches $175,085. For financing, Ziffy Mortgage’s DSCR program evaluates $2,984/mo property income against a $1,859/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1954

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious Craftsman Home on One Acre Lot! 5 Bedroom 2.5 bath home offering just over 2200 sq. ft. of living space with a major remodel/addition in 2019. The inviting front porch ushers you into a large living room area that flows into a spacious dining area and finally into the stunning kitchen! The chefs kitchen boasts solid stone countertops, stainless steel appliances and ample cabinetry perfect for everyday living and entertaining. Level one also enjoys two large bedrooms and a full bath. The custom tile work in each bathroom coupled with the rich wood floors that flow throughout the home add warmth and character. As you make your way up to level two, you will be greeted by a spacious flex area that would make a great reading nook or additional living room, as well as, 3 large bedrooms, each with their own walk-in-closet. Level two is rounded out the 1.5 bathrooms! There is dual zone heat pump/central air units that ensure year round comfort. Finally, there is an unfinished basement area with roughed in plumbing for a bathroom and its own access to outside. This area holds endless possibilities for the next owner! Step outside and enjoy breathtaking mountain views from anywhere in your spacious open yard, ideal for outdoor gatherings, gardening or simply relaxing. There is a detached garage with storage and cellar area. All of this is convenient to all Luray has to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22835, Luray, VA area.

Housing Distribution

Housing Statistics

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