2414 Millwood Loop #15HarrisonburgVA22801
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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
Investment Highlights
Rental property for sale in Harrisonburg at 2414 Millwood Loop #15, Harrisonburg, VA, 22801 generates $2,072/mo in rent and, after a $1,052/mo payment, leaves $682/mo in cash flow. Total monthly income is $2,072/mo, and annual cash flow is $8,185/yr on $71,273 invested. Return on cash invested sits at 31.39% in year one, and rental yield is 11.56% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 164.87% and total cumulative return in cash sums $117,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,072/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
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Listed by: Larry Martin • RE/MAX Performance Realty
Mls Name: CAAR
Mls Provider:
Mls ID: #668239