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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 Luray at 406 6th St, Luray, VA, 22835 generates $1,949/mo in rent and, after a $1,297/mo payment, leaves $365/mo in cash flow. Total monthly income is $1,949/mo, and annual cash flow is $4,380/yr on $87,814 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 8.83% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 129.38% and total cumulative return in cash sums $113,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22835, Luray, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,019 (100%) |
| Owner Occupied HU | 3,628 (60.3%) |
| Renter Occupied HU | 1,352 (22.5%) |
| Vacant Housing Units | 1,039 (17.3%) |
| Median Home Value | $279,664 |
| Average Home Value | $327,532 |
Residential
5,635
Single Family
5,484
Multi-Family
151
Businesses
484
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: TARA WIDENER • KLINE & CO. REAL ESTATE
Mls Name: CAAR
Mls ID: #668507
