206 N 3rd St, Shenandoah, VA, 22849 | $215/mo Cash Flow

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206 N 3rd St, Shenandoah, VA, 22849 | $215/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 Shenandoah at 206 N 3rd St, Shenandoah, VA, 22849 listed at $289,000 pairs $1,943/mo rent with a $1,415/mo payment to leave $215/mo cash flow. Total monthly income runs $1,943/mo, and annual cash flow reaches $2,579/yr on $95,804 cash to close. Return on cash invested measures 22.6% in year one, and rental yield registers 8.07% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 116.99% and total cumulative return in cash totals $112,082. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,943/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1923

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this three bedroom, two bath farmhouse within walkng distance to the river and public boat landing. This home has over 1500 square feet and sits on a fenced in lot ready for your children or pets! Offering much of the original wood flooring and details throughout it has the charm making it unique along with updates for easy living. The primary suite is on the main level with a large walk-in closet, bathroom with jetted tub and walk-in shower. French doors lead out to a deck in the backyard for your morning coffee. The eat in kitchen with newer appliances is located right off the living room keeping you close to friends and family while you're cooking. Step out the front to the covered porch and mountain views. There are nice out buildings for storage, a cellar, and a shed that can be used for storage or entertaining! New landscaping, along with outdoor lignting round out the yard. The exterior of the home has low maintenance vinyl siding, a metal roof on the main part of the home along with replacement windows. This home is an easy commute to Harrisonburg, Charlottesville, Massanutten Resort, and the Shenandoah National Park just to name a few! Call today to schedule your showing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22849, Shenandoah, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,317 (100%)
Owner Occupied HU	1,548 (66.8%)
Renter Occupied HU	424 (18.3%)
Vacant Housing Units	345 (14.9%)
Median Home Value	$210,897
Average Home Value	$268,755