3835 Mill Race CtRockinghamVA22801
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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 Rockingham at 3835 Mill Race Ct, Rockingham, VA, 22801 earns $405/mo cash flow from $2,300/mo rent with a $1,552/mo payment. Total monthly income totals $2,300/mo, and annual cash flow totals $4,855/yr on $105,086 capital. ROI tracks 24.53% on current figures, and rental yield reads 8.71% at a $317,000 purchase. Equity gained on principal adds $2,046/yr, and 5% annual appreciation supports $87,581 over five years. Five-year ROI reaches 127.36% and total cumulative return in cash sums $133,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,300/mo property income instead of your personal income.
Townhouse
Built in 2002
8,712 sqft lot
$N/A/sqft
No 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: Jason Oliver • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #VARO2002598