2831 County Line 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 2831 County Line Rd, Patrick Springs, VA, 24133 offers a 9.53% rental yield on a $259,900 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $1,272/mo payment leaves $511/mo available for distribution. Annual cash flow reaches $6,137/yr on $86,157 to close, and return on cash invested stands at 27.03% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 140.8% and total cumulative return in cash at $121,306. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
2.37 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: Amy Guilliams • KW Martinsville
Mls Name: MVMLS
Mls ID: #145668