315 Broad StHarrisonburgVA22802
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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 315 Broad St, Harrisonburg, VA, 22802 priced at $338,000 pairs $2,120/mo rent with $100/mo cash flow after a $1,654/mo payment. Total monthly income equals $2,120/mo, and annual cash flow comes to $1,198/yr on $112,047 invested. Return on cash invested is 20.98% in year one, and rental yield stands at 7.53% on a $338,000 basis. Equity gained on principal adds $2,181/yr, and 5% annual appreciation accumulates to $93,383 by year five. Five-year ROI measures 108.29% and total cumulative return in cash reaches $121,334. For financing, Ziffy Mortgage’s DSCR program evaluates $2,120/mo property income against a $1,654/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22802, Harrisonburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,770 (100%) |
| Owner Occupied HU | 6,055 (51.4%) |
| Renter Occupied HU | 5,094 (43.3%) |
| Vacant Housing Units | 621 ( 5.3%) |
| Median Home Value | $337,373 |
| Average Home Value | $376,202 |
Housing Distribution
Address Breakdown
Residential
11,172
Single Family
10,123
Multi-Family
1,049
Businesses
579
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Listed by: MATTHEW PETTWAY • NEST REALTY GROUP STAUNTON
Mls Name: CAAR
Mls Provider:
Mls ID: #667791