88 Cardinal RdNew MarketVA22844
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New Market at 88 Cardinal Rd, New Market, VA, 22844 offers $2,279/mo rent that, after a $2,104/mo payment. Total monthly income is $2,279/mo. Return on cash invested measures 17.46% in year one, and rental yield stands at 6.36% at a $429,900 entry. Equity gained on principal adds $2,774/yr while 5% annual appreciation compounds into $118,773 by year five. Five-year ROI records 89.45% and total cumulative return in cash reaches $127,483. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,279/mo property income versus a $2,104/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22844, New Market, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,123 (100%) |
| Owner Occupied HU | 1,319 (62.1%) |
| Renter Occupied HU | 531 (25.0%) |
| Vacant Housing Units | 273 (12.9%) |
| Median Home Value | $314,916 |
| Average Home Value | $399,321 |
Housing Distribution
Address Breakdown
Residential
1,880
Single Family
1,801
Multi-Family
79
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Dove • Massanutten Realty
Mls Name: HRAR
Mls ID: #662983
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.