315 Ganders Dr, Luray, VA, 22835 | 1.29% Rental Yield

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315 Ganders Dr, Luray, VA, 22835 | 1.29% Rental Yield | 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 315 Ganders Dr, Luray, VA, 22835 generates $1,996/mo in rent, after a $9,055/mo payment. Total monthly income is $1,996/mo. Return on cash invested sits at 2.23% in year one, and rental yield is 1.29% on a $1,850,000 entry. Equity gained on principal adds $11,938/yr, while 5% annual appreciation builds toward $511,121 over five years. Five-year ROI reaches 7.63% and total cumulative return in cash sums $45,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,996/mo property income rather than buyer’s personal income.

Single Family

Built in 1735

24.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Fly fishing or kayaking, what to do on the river today? Or the rock wall in your own quarry? 25 acres along the banks of the Shenandoah, remnants of the old roadbed to a once upon a time bridge is still there in the lower field. The chimney of the old smokehouse still remains and anchors the now patio, what a great spot for grilling and stargazing! The foundation of the old bank barn, visible in the distance, lines up with the direction of the old roadbed. Stone from the quarry was used for the second fireplace inside the cabin portion of the farm, and before that the quarry was a source for the Blue Ridge Parkway. A piece of history, an early settlement grown into a family farm to eventually become a multi-family retreat. Only 30 minutes from Harrisonburg and JMU and 1.5 hours by car from the DC suburbs (or fly into Luray Airport on a private plane). Come check it out! It could be your history in the making!

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