








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Luray at 845 Mill Creek Rd, Luray, VA, 22835 at $600,000 posts ROI 15.11% with from $2,772/mo rent. Total monthly income equals $2,772/mo. Return on cash invested measures 15.11% and rental yield reads 5.54% at the current $600,000. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 by year five. Five-year ROI prints 76.76% and total cumulative return in cash totals $151,524. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,772/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22835, Luray, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,019 (100%) |
| Owner Occupied HU | 3,628 (60.3%) |
| Renter Occupied HU | 1,352 (22.5%) |
| Vacant Housing Units | 1,039 (17.3%) |
| Median Home Value | $279,664 |
| Average Home Value | $327,532 |
Residential
5,635
Single Family
5,484
Multi-Family
151
Businesses
484
Date | Event | Price |
|---|---|---|
| 2024-10-07 | Sold | $600,000 |
| 2024-09-19 | Pending sale | $619,000 |
| 2024-09-19 | Contingent | $619,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-08 | $901.55 | N/A | $123,500 | N/A |
| 2022-07-08 | $901.55 | N/A | $123,500 | N/A |
| 2021-07-08 | $901.55 | N/A | $123,500 | N/A |



Listed by: Lauren Reed • Funkhouser Real Estate Group
Mls Name: Bright MLS
Mls Provider:
Mls ID: #VAPA2003954
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