175 Griffin Ln, Broadway, VA, 22815 | $324/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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175 Griffin Ln, Broadway, VA, 22815 | $324/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

Investment property for sale in Broadway at 175 Griffin Ln, Broadway, VA, 22815 offers a 9.32% rental yield on a $207,500 purchase with $1,612/mo rent. Total monthly income registers $1,612/mo, and a $1,016/mo payment leaves $324/mo available for distribution. Annual cash flow reaches $3,891/yr on $68,786 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $1,339/yr while 5% annual appreciation supports $57,328 over five years. Portfolio math shows five-year ROI at 133.25% and total cumulative return in cash at $91,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,612/mo property income against a $1,016/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2006

2,178 sqft lot

$N/A/sqft

$47 monthly HOA

More details about the property

Affordable modern living in the heart of Broadway, VA! Built in 2006 this 3 bedroom 2.5 bathroom townhome is perfect for investors or first time home buyers. Previously rented for $1350/month, comparable units are currently renting for $1500/month. There is a sizable attached storage area behind the home, where you'll also find some privacy in the back yard that backs up to a tree line. Enough space to grill and enjoy the fresh air without much yard upkeep. Open floor plan with washer/dryer that convey on the first floor. Large storage/utility room under the stairs for extra storage. Recently pressure washed, deep cleaned, and landscaped to make things even easier for the new owner. All appliances convey. Moments from downtown Broadway and just a few minutes from Timberville shopping. Just 20 minutes to Harrisonburg!! Carpet on stairs/upstairs is near end of life - list price has been reduced from comparable home prices to allow for this update.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,958 (100%)
Owner Occupied HU	2,754 (69.6%)
Renter Occupied HU	907 (22.9%)
Vacant Housing Units	297 ( 7.5%)
Median Home Value	$299,893
Average Home Value	$378,164