392 Passage LnMc GaheysvilleVA22840
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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 Mc Gaheysville at 392 Passage Ln, Mc Gaheysville, VA, 22840 generates $2,579/mo in rent, after a $2,300/mo payment. Total monthly income is $2,579/mo. Return on cash invested sits at 17.53% in year one, and rental yield is 6.59% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 90% and total cumulative return in cash sums $140,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,579/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.29 Acres lot
$N/A/sqft
$79 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22840, Mc Gaheysville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,813 (100%) |
| Owner Occupied HU | 1,515 (53.9%) |
| Renter Occupied HU | 278 ( 9.9%) |
| Vacant Housing Units | 1,020 (36.3%) |
| Median Home Value | $408,333 |
| Average Home Value | $448,274 |
Housing Distribution
Address Breakdown
Residential
2,085
Single Family
1,223
Multi-Family
862
Businesses
89
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Listed by: Michael Kalman • Valley Realty Associates
Mls Name: HRAR
Mls ID: #663550
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.