6805 Jackson River RdHot 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
Investment property for sale in Hot Springs at 6805 Jackson River Rd, Hot Springs, VA, 24445 offers a 10.04% rental yield on a $160,000 purchase with $1,338/mo rent. Total monthly income registers $1,338/mo, and a $783/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,202/yr on $53,040 to close, and return on cash invested stands at 25.95% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 135.86% and total cumulative return in cash at $72,062. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,338/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2018
2.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorene Kegley • B.A. Rupert Real Estate Inc
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138357
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.