223 Fairview Rd, Luray, VA, 22835 | $203/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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223 Fairview Rd, Luray, VA, 22835 | $203/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

Rental property for sale in Luray at 223 Fairview Rd, Luray, VA, 22835 offers $1,996/mo rent that, after a $1,468/mo payment, leaves $203/mo cash flow. Total monthly income is $1,996/mo, and annual cash flow is $2,437/yr on $99,417 cash. Return on cash invested measures 22.36% in year one, and rental yield stands at 7.99% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 115.75% and total cumulative return in cash reaches $115,072. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,996/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

This newly built Ranch home combines modern features with low-maintenance living. It offers 3 spacious bedrooms, 2 full bathrooms, and a surprisingly large backyard on a compact lot. The open layout features durable LVP flooring, recessed lighting, and stylish fixtures throughout. The kitchen is equipped with granite countertops, stainless steel appliances, subway tile backsplash, and a pantry area with stacked washer and dryer tucked just behind! Each bedroom includes a generous closet, and the home is kept comfortable year-round with central air and heat via an efficient heat pump. Exterior highlights include vinyl siding, a gravel driveway, a welcoming front porch, and a back deck perfect for relaxing! Connected to public water, sewer, and trash services for added convenience, this new home has it all. Within a mile of everything you need and more in downtown Luray!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22835, Luray, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,019 (100%)
Owner Occupied HU	3,628 (60.3%)
Renter Occupied HU	1,352 (22.5%)
Vacant Housing Units	1,039 (17.3%)
Median Home Value	$279,664
Average Home Value	$327,532