2138 Sam Snead HwyHot SpringsVA24445
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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 Hot Springs at 2138 Sam Snead Hwy, Hot Springs, VA, 24445 offers a 11.09% rental yield on a $189,000 purchase with $1,746/mo rent. Total monthly income registers $1,746/mo, and a $925/mo payment leaves $616/mo available for distribution. Annual cash flow reaches $7,395/yr on $62,654 to close, and return on cash invested stands at 31.71% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 165.92% and total cumulative return in cash at $103,954. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,746/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.04 Acres lot
$N/A/sqft
No 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
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Listed by: Larry W. Fresh • Fresh Estates & Country Properties, Inc.
Mls Name: Rockbridge Highlands REALTORS
Mls ID: #139551