2443 Millwood Loop, Harrisonburg, VA, 22801 | $501/mo Cash Flow

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2443 Millwood Loop, Harrisonburg, VA, 22801 | $501/mo Cash Flow | Ziffy

Recently Sold

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 Harrisonburg at 2443 Millwood Loop, Harrisonburg, VA, 22801 uses $67,958 cash to close to unlock $6,011/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,901/mo, and a $1,003/mo payment keeps the spread at $501/mo. Purchase price stands at $205,000, and rental yield measures 11.13% with $1,901/mo rent. Return on cash invested shows 28.75% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 151.11% and total cumulative return in cash records $102,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,901/mo property income covering a $1,003/mo payment rather than investor’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

$175 monthly HOA

More details about the property

Looking for an investment property or a place to call home? Look no further than this well-maintained, one-owner, 2-bedroom, 1.5-bath end-unit condo. The main floor features an open floor plan. Upstairs, you'll find two generously-sized bedrooms and a full bathroom. Relax and enjoy both city living and peaceful country views from the primary bedroom's private balcony. Ideally located on the south end of Harrisonburg, this condo is just minutes from JMU, I-81, shopping, and the bypass road. A great opportunity for both first-time homebuyers and savvy investors!

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