49 Edgewood CtHot SpringsVA24445
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 49 Edgewood Ct, Hot Springs, VA, 24445 priced at $445,000 converts $1,448/mo rent into after a $2,178/mo obligation. Total monthly income equals $1,448/mo. Return on cash invested prints 10.05% in year one, and rental yield reads 3.9% against a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation compiles into $122,945 by year five. Five-year ROI reaches 49.68% and total cumulative return in cash sums $73,292. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,448/mo property income covering a $2,178/mo payment, not borrower’s personal income.
Single Family
Built in 1979
7,840 sqft 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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Nearby investment properties with comparable prices
Listed by: Ryan Hodges • CLARKSON & WALLACE REAL ESTATE - WARM SPRINGS
Mls Name: GASAOR
Mls Provider:
Mls ID: #662045
Disclaimer: Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.