Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
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 shown for ZIP Code: 22801, Harrisonburg, VA area.
| 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 |
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Listed for sale | $319,000 |
| 2014-06-09 | Sold | $163,000 |
| 2005-06-30 | Sold | $164,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $2328.96 | 13.83% | $242,600 | 10.27% |
| 2022-11-11 | $2046.00 | 11.93% | $220,000 | 8.32% |
| 2021-11-11 | $1827.90 | N/A | $203,100 | 9.96% |
Listed by: Courtney Leach • Funkhouser Real Estate Group
Mls Name: HRAR
Mls ID: #658530
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
