938 Meadowlark DrHarrisonburgVA22802
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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 938 Meadowlark Dr, Harrisonburg, VA, 22802 priced at $268,000 pairs $2,352/mo rent with $707/mo cash flow after a $1,312/mo payment. Total monthly income equals $2,352/mo, and annual cash flow comes to $8,488/yr on $88,842 invested. Return on cash invested is 29.46% in year one, and rental yield stands at 10.53% on a $268,000 basis. Equity gained on principal adds $1,729/yr, and 5% annual appreciation accumulates to $74,043 by year five. Five-year ROI measures 154.05% and total cumulative return in cash reaches $136,857. For financing, Ziffy Mortgage’s DSCR program evaluates $2,352/mo property income against a $1,312/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
2,090 sqft lot
$N/A/sqft
$41 monthly 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: N/A • N/A
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