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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% |
Investment property for sale in Broadway at 577 Elm St, Broadway, VA, 22815 at $399,000 posts ROI 21.36% with $160/mo cash flow from $2,545/mo rent. Total monthly income equals $2,545/mo, and annual cash flow records $1,917/yr on $132,269 to close. Return on cash invested measures 21.36% and rental yield reads 7.65% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 110.33% and total cumulative return in cash totals $145,934.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,545/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22815, Broadway, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,958 (100%) |
| Owner Occupied HU | 2,754 (69.6%) |
| Renter Occupied HU | 907 (22.9%) |
| Vacant Housing Units | 297 ( 7.5%) |
| Median Home Value | $299,893 |
| Average Home Value | $378,164 |
Residential
3,788
Single Family
3,726
Multi-Family
62
Businesses
219
Date | Event | Price |
|---|---|---|
| 2024-10-24 | Listed for sale | $399,000 |
| 2010-10-04 | Sold | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1821.04 | N/A | $267,800 | N/A |
| 2022-11-11 | $1821.04 | 20.22% | $267,800 | 30.83% |
| 2021-11-11 | $1514.78 | N/A | $204,700 | N/A |
Listed by: Lori Clouse • Valley Realty Associates
Mls Name: HRAR
Mls ID: #658199
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
