745 Wingtip Way, Rockingham, VA, 22801 | $171/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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745 Wingtip Way, Rockingham, VA, 22801 | $171/mo Cash Flow | Ziffy

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 Rockingham at 745 Wingtip Way, Rockingham, VA, 22801 generates $2,820/mo in rent and, after a $2,129/mo payment, leaves $171/mo in cash flow. Total monthly income is $2,820/mo, and annual cash flow is $2,057/yr on $144,203 invested. Return on cash invested sits at 21.34% in year one, and rental yield is 7.78% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 110.38% and total cumulative return in cash sums $159,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,820/mo property income rather than buyer’s personal income.

Single Family

Built in 2022

6,969 sqft lot

$N/A/sqft

$580 annually HOA

More details about the property

The Elm model, slated for Spring 2023 move-in, features an open-concept layout with a room for home office, all GE appliances, a large kitchen island, 4 bedrooms including a generous owner's suite with walk-in closet, and a 2-car garage. Located in Cobbler's Valley, Harrisonburg's Single-family homes come with a private yard, about 3 miles from JMU. Each home is tested, inspected, and HERS scored by independent energy consultants and inspectors. Included features: Dishwasher, ENERGY STAR appliances, electric range, disposal, microwave, refrigerator, dryer, washer, walk-in closet(s), entrance foyer, eat-in kitchen, home office, kitchen island, loft, programmable thermostat, recessed lighting, and WaterSense fixtures. Flooring includes carpet and vinyl; windows feature insulated, low-emissivity glass, screens, and tilt-in design. This home is just minutes from schools, parks, shopping, and more.

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