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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% |
Rental property for sale in Harrisonburg at 40 South Ave APT I, Harrisonburg, VA, 22801 priced at $145,000 converts $1,823/mo rent into $792/mo cash flow after a $710/mo obligation. Total monthly income equals $1,823/mo, and annual cash flow totals $9,507/yr on $48,068 invested. Return on cash invested prints 39.69% in year one, and rental yield reads 15.09% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 210.2% and total cumulative return in cash sums $101,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,823/mo property income covering a $710/mo payment, not borrower’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$160 monthly HOA
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
| 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 |
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
Date | Event | Price |
|---|---|---|
| 2025-09-05 | Sold | $145,000 |
| 2025-07-29 | Pending sale | $144,900 |
| 2025-07-10 | Listed for sale | $144,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-10-14 | N/A | N/A | $120,900 | 1.43% |
| 2024-10-14 | $1203.92 | 20.01% | $119,200 | 14.07% |
| 2023-10-14 | $1003.20 | 39.91% | $104,500 | 35.54% |
Listed by: Ronald Flores • Funkhouser Real Estate Group
Mls Name: CAAR
Mls Provider:
Mls ID: #666722
