551 Pointe 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 551 Pointe Dr, Harrisonburg, VA, 22801 priced at $304,900 converts $2,171/mo rent into $278/mo cash flow after a $1,492/mo obligation. Total monthly income equals $2,171/mo, and annual cash flow totals $3,336/yr on $101,074 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 8.54% against a $304,900 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation compiles into $84,238 by year five. Five-year ROI reaches 120.61% and total cumulative return in cash sums $121,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,171/mo property income covering a $1,492/mo payment, not borrower’s personal income.
Multi Family
Built in 2005
0.33 Acres lot
$N/A/sqft
$400 annually 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: Ashley Swartz • Cottonwood Commercial LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #666906