8660 Lacey Heights AveHarrisonburgVA22802
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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
Investment property for sale in Harrisonburg at 8660 Lacey Heights Ave, Harrisonburg, VA, 22802 uses $87,516 cash to close to unlock $5,856/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $2,066/mo, and a $1,292/mo payment keeps the spread at $488/mo. Purchase price stands at $264,000, and rental yield measures 9.39% with $2,066/mo rent. Return on cash invested shows 26.6% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 138.44% and total cumulative return in cash records $121,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,066/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22802, Harrisonburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,770 (100%) |
| Owner Occupied HU | 6,055 (51.4%) |
| Renter Occupied HU | 5,094 (43.3%) |
| Vacant Housing Units | 621 ( 5.3%) |
| Median Home Value | $337,373 |
| Average Home Value | $376,202 |
Housing Distribution
Address Breakdown
Residential
11,172
Single Family
10,123
Multi-Family
1,049
Businesses
579
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Listed by: Brad Reese • Melinda Beam Shenandoah Valley Real Estate
Mls Name: HRAR
Mls ID: #662643
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.