629 Spring Oaks DrRockinghamVA22801
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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 Rockingham at 629 Spring Oaks Dr, Rockingham, VA, 22801 priced at $368,900 pairs $2,671/mo rent with $366/mo cash flow after a $1,806/mo payment. Total monthly income equals $2,671/mo, and annual cash flow comes to $4,396/yr on $122,290 invested. Return on cash invested is 23.5% in year one, and rental yield stands at 8.69% on a $368,900 basis. Equity gained on principal adds $2,380/yr, and 5% annual appreciation accumulates to $101,920 by year five. Five-year ROI measures 122.2% and total cumulative return in cash reaches $149,444. For financing, Ziffy Mortgage’s DSCR program evaluates $2,671/mo property income against a $1,806/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
5,227 sqft lot
$N/A/sqft
$99 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 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
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Listed by: Joanne Smith-Knauf • Valley Realty Associates
Mls Name: HRAR
Mls ID: #663721
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.