57 Troy LnPatrick SpringsVA24133
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 57 Troy Ln, Patrick Springs, VA, 24133 in Patrick Springs deserves attention. This $220,000 property earns $1,975/mo in rent, a 10.77% gross yield, and nets $660/mo after the $989/mo payment. DSCR 2.00 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $60,782 compounds alongside $2,026/yr in yearly equity build, for a total cumulative return of $125,714.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $660 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,975 |
| Total Monthly Debt Service | $1,228 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
0.94 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
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
Single Family
Built in 1962
0.94 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edd Martin • EDD MARTIN AND ASSOCIATES REAL ESTATE
Mls Name: MVMLS
Mls ID: #142002
Disclaimer: Copyright Martinsville, Henry & Patrick County Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.