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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 Harrisonburg at 165 Wakefield Pl, Harrisonburg, VA, 22801 with 5% annual appreciation on a $268,000 basis while $1,357/mo rent supports operations. 26% in year one. Equity gained on principal adds $1,729/yr, and five-year appreciation sums $74,043 alongside rental yield of 6.08%. Five-year ROI measures 83.12% and total cumulative return in cash totals $73,845. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,357/mo property income versus a $1,312/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
| 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 |
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $268,000 |
| 2001-10-22 | Sold | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $2445.21 | 33.71% | $242,100 | 27.09% |
| 2023-04-02 | $1828.80 | 21.24% | $190,500 | 17.45% |
| 2022-04-02 | $1508.46 | 12.34% | $162,200 | 8.71% |
Listed by: Debbie Knupp • Kline May Realty
Mls Name: HRAR
Mls ID: #662644
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
