55/56 Penrose Dr, Hot Springs, VA, 24445 | $221/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hot Springs at 55/56 Penrose Dr, Hot Springs, VA, 24445 offers $1,372/mo rent that, after a $942/mo payment, leaves $221/mo cash flow. Total monthly income is $1,372/mo, and annual cash flow is $2,658/yr on $63,814 cash. Return on cash invested measures 24.07% in year one, and rental yield stands at 8.55% at a $192,500 entry. Equity gained on principal adds $1,242/yr while 5% annual appreciation compounds into $53,184 by year five. Five-year ROI records 124.93% and total cumulative return in cash reaches $79,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,372/mo property income versus a $942/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1975

0.55 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