870-874 Shipyard RdShenandoahVA22849
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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 Shenandoah at 870-874 Shipyard Rd, Shenandoah, VA, 22849 generates $1,242/mo in rent, after a $5,384/mo payment. Total monthly income is $1,242/mo. Return on cash invested sits at 2.41% in year one, and rental yield is 1.35% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 8.63% and total cumulative return in cash sums $30,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,242/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
3.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22849, Shenandoah, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,317 (100%) |
| Owner Occupied HU | 1,548 (66.8%) |
| Renter Occupied HU | 424 (18.3%) |
| Vacant Housing Units | 345 (14.9%) |
| Median Home Value | $210,897 |
| Average Home Value | $268,755 |
Housing Distribution
Address Breakdown
Residential
2,107
Single Family
2,061
Multi-Family
46
Businesses
95
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Listed by: Craig Anders • Cottonwood Commercial LLC
Mls Name: HRAR
Mls ID: #657288
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.