214 2nd St, Shenandoah, VA, 22849 | $244/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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214 2nd St, Shenandoah, VA, 22849 | $244/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 214 2nd St, Shenandoah, VA, 22849 earns $244/mo cash flow from $1,380/mo rent with a $930/mo payment. Total monthly income totals $1,380/mo, and annual cash flow totals $2,930/yr on $62,985 capital. ROI tracks 24.56% on current figures, and rental yield reads 8.72% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 127.57% and total cumulative return in cash sums $80,352. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,380/mo property income instead of your personal income.

Single Family

Built in 1943

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

A cute 2 bedroom rancher with The Auto Garage/Workshop space you have dreamed of! 2 massive Garages, a 20x40 ft garage complete with concrete floor & electricity and a 36x24 with 12 foot door on the rear and lift! Electricity hasnt been connected to the 36X24 metal garage but the interior has been wired. This Homes great bones are awaiting your TLC! Large Rooms and tall 9 foot ceilings in the home! Massive 11x25 living room. 26.5 x 8 foot rear finished porch. Exterrior access basement provides great access to the Central air and Oil Heat and plenty of storage. Great location across from the community center and park and adjacent to a vacant town lot for privacy! Sold As IS

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