6701 Valley View DrHot 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
Investment property for sale in Hot Springs at 6701 Valley View Dr, Hot Springs, VA, 24445 uses $42,764 cash to close to unlock $6,015/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $1,272/mo, and a $631/mo payment keeps the spread at $501/mo. Purchase price stands at $129,000, and rental yield measures 11.83% with $1,272/mo rent. Return on cash invested shows 33.97% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 178.11% and total cumulative return in cash records $76,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,272/mo property income covering a $631/mo payment rather than investor’s personal income.
Manufactured
Built in 1975
3.01 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: SHERRI L HOLLAND • HIGHLANDS REALTY & ASSOCIATES LLC
Mls Name: RVAR
Mls ID: #923473