1068 Sheep Meadow RdHot SpringsVA24445
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
Investment property for sale in Hot Springs at 1068 Sheep Meadow Rd, Hot Springs, VA, 24445 at $1,600,000 posts ROI 9.34% with from $5,053/mo rent. Total monthly income equals $5,053/mo. Return on cash invested measures 9.34% and rental yield reads 3.79% at the current $1,600,000. Equity gained on principal adds $10,325/yr, and 5% annual appreciation supports $442,051 by year five. Five-year ROI prints 46% and total cumulative return in cash totals $238,467. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,053/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
5.31 Acres lot
$N/A/sqft
$3,036 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24445, Hot Springs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,599 (100%) |
| Owner Occupied HU | 793 (49.6%) |
| Renter Occupied HU | 225 (14.1%) |
| Vacant Housing Units | 581 (36.3%) |
| Median Home Value | $219,536 |
| Average Home Value | $234,165 |
Housing Distribution
Address Breakdown
Residential
953
Single Family
905
Multi-Family
48
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kk Homes Team • LONG & FOSTER REAL ESTATE INC STAUNTON/WAYNESBORO
Mls Name: GASAOR
Mls Provider:
Mls ID: #658363
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.