6605 Smith Mountain Rd #233PenhookVA24137
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.33% gross rental yield, 6605 Smith Mountain Rd #233, Penhook, VA, 24137 in Penhook is priced for capital growth, not immediate cash flow. The $696,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $192,541 by year five, with $6,419/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.62) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $76,696.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 6.2% |
| Monthly Cash Flow | $(2,954) | $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 | $1,932 |
| Total Monthly Debt Service | $4,609 |
| DSCR Ratio | 0.42x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1985
N/A lot
$N/A/sqft
$720 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24137, Penhook, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,144 (100%) |
| Owner Occupied HU | 978 (45.6%) |
| Renter Occupied HU | 153 ( 7.1%) |
| Vacant Housing Units | 1,013 (47.2%) |
| Median Home Value | $324,242 |
| Average Home Value | $469,836 |
Housing Distribution
Address Breakdown
Residential
1,482
Single Family
1,482
Multi-Family
0
Businesses
46
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
Condo
Built in 1985
N/A lot
$N/A/sqft
$720 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24137, Penhook, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,144 (100%) |
| Owner Occupied HU | 978 (45.6%) |
| Renter Occupied HU | 153 ( 7.1%) |
| Vacant Housing Units | 1,013 (47.2%) |
| Median Home Value | $324,242 |
| Average Home Value | $469,836 |
Housing Distribution
Address Breakdown
Residential
1,482
Single Family
1,482
Multi-Family
0
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Limroth • VALLEY REALTY
Mls Name: RVAR
Mls Provider:
Mls ID: #917824
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