922 Chestnut DrHarrisonburgVA22801
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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 Harrisonburg at 922 Chestnut Dr, Harrisonburg, VA, 22801 priced at $345,900 pairs $2,414/mo rent with $319/mo cash flow after a $1,693/mo payment. Total monthly income equals $2,414/mo, and annual cash flow comes to $3,830/yr on $114,666 invested. Return on cash invested is 23.25% in year one, and rental yield stands at 8.37% on a $345,900 basis. Equity gained on principal adds $2,232/yr, and 5% annual appreciation accumulates to $95,566 by year five. Five-year ROI measures 120.6% and total cumulative return in cash reaches $138,287. For financing, Ziffy Mortgage’s DSCR program evaluates $2,414/mo property income against a $1,693/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
14,399
Multi-Family
3,464
Businesses
1,902
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Listed by: Valley Roots Team • Kline May Realty
Mls Name: HRAR
Mls ID: #662903
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.