214 Spring 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
Rental property for sale in Patrick Springs at 214 Spring Rd, Patrick Springs, VA, 24133 generates $1,133/mo in rent, after a $1,169/mo payment. Total monthly income is $1,133/mo. Return on cash invested sits at 15.44% in year one, and rental yield is 5.69% on a $238,900 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,004 over five years. Five-year ROI reaches 78.66% and total cumulative return in cash sums $62,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,133/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
1.97 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: ALBERT RICHARD SARVER • SARVER PROPERTIES LLC
Mls Name: RVAR
Mls ID: #920025