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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% |
Rental property for sale in Rockingham at 649 Banner Way, Rockingham, VA, 22801 priced at $1,250,000 pairs $3,907/mo rent with after a $6,118/mo payment. Total monthly income equals $3,907/mo. Return on cash invested is 9.81% in year one, and rental yield stands at 3.75% on a $1,250,000 basis. Equity gained on principal adds $8,066/yr, and 5% annual appreciation accumulates to $345,352 by year five. Five-year ROI measures 48.28% and total cumulative return in cash reaches $195,541. For financing, Ziffy Mortgage’s DSCR program evaluates $3,907/mo property income against a $6,118/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
5.92 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-08-14 | Price change | $1,250,000 |
| 2023-12-04 | Listed for sale | $1,500,000 |
| 2021-05-24 | Sold | $849,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $5359.08 | N/A | $788,100 | N/A |
| 2022-10-16 | $5359.08 | 25.32% | $788,100 | 36.37% |
| 2021-10-16 | $4276.46 | N/A | $577,900 | N/A |
Listed by: Suzanne Bothamley • Funkhouser Real Estate Group
Mls Name: HRAR
Mls ID: #647907
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
