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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Harrisonburg at 2409 Avonlea Ln, Harrisonburg, VA, 22801 earns $319/mo cash flow from $2,036/mo rent with a $1,297/mo payment. Total monthly income totals $2,036/mo, and annual cash flow totals $3,823/yr on $87,848 capital. ROI tracks 24.26% on current figures, and rental yield reads 9.22% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 126.56% and total cumulative return in cash sums $111,183. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,036/mo property income instead of your personal income.
Single Family
Built in 2003
3,049 sqft lot
$N/A/sqft
$1,600 annually HOA
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,135 (100%) |
| Owner Occupied HU | 7,571 (44.2%) |
| Renter Occupied HU | 8,327 (48.6%) |
| Vacant Housing Units | 1,237 ( 7.2%) |
| Median Home Value | $387,728 |
| Average Home Value | $435,761 |
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Listed for sale | $265,000 |
| 2024-07-15 | Sold | $250,000 |
| 2024-07-02 | Pending sale | $239,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1907.52 | 11.23% | $198,700 | 7.75% |
| 2022-10-16 | $1714.92 | 19.32% | $184,400 | 15.47% |
| 2021-10-16 | $1437.30 | N/A | $159,700 | 1.85% |
Listed by: Cat Snead • eXp Realty LLC
Mls Name: HRAR
Mls ID: #657507
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
