2991 Jackson River TpkeHot 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
Rental property for sale in Hot Springs at 2991 Jackson River Tpke, Hot Springs, VA, 24445 priced at $945,000 pairs $1,513/mo rent with after a $4,625/mo payment. Total monthly income equals $1,513/mo. Return on cash invested is 4.1% in year one, and rental yield stands at 1.92% on a $945,000 basis. Equity gained on principal adds $6,098/yr, and 5% annual appreciation accumulates to $261,086 by year five. Five-year ROI measures 17.74% and total cumulative return in cash reaches $55,168. For financing, Ziffy Mortgage’s DSCR program evaluates $1,513/mo property income against a $4,625/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
245.49 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 Provider:
Mls ID: #138804
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.