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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 163 Rae Ct, Luray, VA, 22835 listed at $244,990 pairs $1,996/mo rent with a $1,199/mo payment to leave $532/mo cash flow. Total monthly income runs $1,996/mo, and annual cash flow reaches $6,379/yr on $81,214 cash to close. Return on cash invested measures 27.76% in year one, and rental yield registers 9.78% at a $244,990 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,686 by year five. Five-year ROI tracks 144.7% and total cumulative return in cash totals $117,513. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,996/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: #VAPA2005656
