480 Preston DrHarrisonburgVA22801
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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 480 Preston Dr, Harrisonburg, VA, 22801 offers $3,096/mo rent that, after a $2,276/mo payment, leaves $304/mo cash flow. Total monthly income is $3,096/mo, and annual cash flow is $3,651/yr on $154,148 cash. Return on cash invested measures 22.28% in year one, and rental yield stands at 7.99% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 115.32% and total cumulative return in cash reaches $177,767. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,096/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22801, Harrisonburg, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
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Listed by: TRINA COOK • 1ST CHOICE REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #664774