384 E Elizabeth 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 384 E Elizabeth St, Harrisonburg, VA, 22802 priced at $150,000 converts $2,273/mo rent into $1,286/mo cash flow after a $734/mo obligation. Total monthly income equals $2,273/mo, and annual cash flow totals $15,432/yr on $49,725 invested. Return on cash invested prints 50.94% in year one, and rental yield reads 18.18% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 269.77% and total cumulative return in cash sums $134,142. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,273/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A