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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Penn Laird at 3881 Davis Rd, Penn Laird, VA, 22846 with 5% annual appreciation on a $599,900 basis while $3,781/mo rent supports operations. Total monthly income totals $3,781/mo and a $2,936/mo payment preserves $195/mo for cash returns. Annual cash flow comes to $2,341/yr on $197,367 deployed, and return on cash invested reaches 21.25% in year one. Equity gained on principal adds $3,871/yr, and five-year appreciation sums $165,741 alongside rental yield of 7.56%. Five-year ROI measures 109.72% and total cumulative return in cash totals $216,544.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,781/mo property income versus a $2,936/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22846, Penn Laird, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 785 (100%) |
| Owner Occupied HU | 559 (71.2%) |
| Renter Occupied HU | 202 (25.7%) |
| Vacant Housing Units | 24 ( 3.1%) |
| Median Home Value | $410,000 |
| Average Home Value | $516,717 |
Residential
779
Single Family
779
Multi-Family
0
Businesses
84
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $599,900 |
| 1996-04-25 | Sold | $99,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-09 | $3123.92 | N/A | $459,400 | N/A |
| 2022-04-09 | $3123.92 | 21.45% | $459,400 | 32.16% |
| 2021-04-09 | $2572.24 | N/A | $347,600 | N/A |
Listed by: Pete Laver • Funkhouser Real Estate Group
Mls Name: HRAR
Mls ID: #662892
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
