1147 Hardie Stone RdPatrick SpringsVA24133
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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
Investment property for sale in Patrick Springs at 1147 Hardie Stone Rd, Patrick Springs, VA, 24133 offers a 7.16% rental yield on a $308,000 purchase with $1,838/mo rent. 87% in year one. Equity gained on principal adds $1,987/yr while 5% annual appreciation supports $85,095 over five years. Portfolio math shows five-year ROI at 102.36% and total cumulative return in cash at $104,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,838/mo property income against a $1,508/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
5.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24133, Patrick Springs, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,138 (100%) |
| Owner Occupied HU | 763 (67.0%) |
| Renter Occupied HU | 189 (16.6%) |
| Vacant Housing Units | 186 (16.3%) |
| Median Home Value | $149,764 |
| Average Home Value | $204,161 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
1,019
Multi-Family
0
Businesses
53
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Listed by: Debra Lawless • Piedmont Realty
Mls Name: MVMLS
Mls ID: #144897
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.