587 Pointe Dr, Harrisonburg, VA, 22801 | $353/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Harrisonburg at 587 Pointe Dr, Harrisonburg, VA, 22801 offers $2,294/mo rent that, after a $1,561/mo payment, leaves $353/mo cash flow. Total monthly income is $2,294/mo, and annual cash flow is $4,241/yr on $105,749 cash. Return on cash invested measures 23.92% in year one, and rental yield stands at 8.63% at a $319,000 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,134 by year five. Five-year ROI records 124.21% and total cumulative return in cash reaches $131,353. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,294/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

7,405 sqft lot

$N/A/sqft

$34 monthly 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