523 Luray AveLurayVA22835
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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
Investment property for sale in Luray at 523 Luray Ave, Luray, VA, 22835 with 5% annual appreciation on a $254,900 basis while $1,776/mo rent supports operations. Total monthly income totals $1,776/mo and a $1,248/mo payment preserves $252/mo for cash returns. Annual cash flow comes to $3,022/yr on $84,499 deployed, and return on cash invested reaches 23.49% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,424 alongside rental yield of 8.36%. Five-year ROI measures 121.73% and total cumulative return in cash totals $102,864.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,776/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22835, Luray, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,635
Single Family
5,484
Multi-Family
151
Businesses
484
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