36 South Ave APT DHarrisonburgVA22801
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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
Investment property for sale in Harrisonburg at 36 South Ave APT D, Harrisonburg, VA, 22801 offers a 9.43% rental yield on a $144,900 purchase with $1,139/mo rent. Total monthly income registers $1,139/mo, and a $709/mo payment leaves $109/mo available for distribution. Annual cash flow reaches $1,311/yr on $48,034 to close, and return on cash invested stands at 22.64% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 118.77% and total cumulative return in cash at $57,049. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,139/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$160 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: Ronald Flores • Funkhouser Real Estate Group
Mls Name: CAAR
Mls Provider:
Mls ID: #666655