7386 Sam Snead HwyHot 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 7386 Sam Snead Hwy, Hot Springs, VA, 24445 uses $197,071 cash to close to unlock $11,629/yr annual cash flow and $969/mo monthly cash flow. Total monthly income runs $4,550/mo, and a $2,932/mo payment keeps the spread at $969/mo. Purchase price stands at $599,000, and rental yield measures 9.12% with $4,550/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 135% and total cumulative return in cash records $266,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,550/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.27 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: Will Moore • James Wm. Moore Real Estate Co.
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138020
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.