








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in McGaheysville at 1990 Floyd Cir, McGaheysville, VA, 22840 offers $2,947/mo rent that, after a $2,056/mo payment, leaves $436/mo cash flow. Total monthly income is $2,947/mo, and annual cash flow is $5,232/yr on $139,230 cash. Return on cash invested measures 23.67% in year one, and rental yield stands at 8.42% at a $420,000 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,038 by year five. Five-year ROI records 122.7% and total cumulative return in cash reaches $170,839. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,947/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22840, Mc Gaheysville, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,813 (100%) |
| Owner Occupied HU | 1,515 (53.9%) |
| Renter Occupied HU | 278 ( 9.9%) |
| Vacant Housing Units | 1,020 (36.3%) |
| Median Home Value | $408,333 |
| Average Home Value | $448,274 |
Residential
2,085
Single Family
1,223
Multi-Family
862
Businesses
89
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $420,000 |
| 2024-01-17 | Listing removed | $335,000 |
| 2022-03-10 | Sold | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-25 | $2296.36 | N/A | $337,700 | N/A |
| 2022-04-25 | $2296.36 | 35.81% | $337,700 | 47.79% |
| 2021-04-25 | $1690.90 | N/A | $228,500 | N/A |



Listed by: Emily Barone • Funkhouser: East Rockingham
Mls Name: HRAR
Mls ID: #663683
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.