Is Patrick Springs, VA a good place to invest in rental property?

Patrick Springs, VA has a median modeled monthly cash flow of $-472 and a median cap rate of 3.7%, on a median sold price of $235,000. Prices changed +22.8% year over year.

What is the average cap rate in Patrick Springs, VA?

The median cap rate across recently sold homes in Patrick Springs, VA is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Patrick Springs, VA?

The median sold price in Patrick Springs, VA is $235,000 (about $148 per square foot).

Investing in Patrick Springs, VA Real Estate

A data-driven snapshot of the Patrick Springs, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$235,000Median sold price

$148Median $/sqft

3.7%Median cap rate

$-472Modeled cash flow / mo

+22.8%Appreciation YoY

5.6Months of supply

19Active listings

41Sold (last 12 mo)

What the Patrick Springs numbers say

In Patrick Springs, VA, the median home sold for $235,000 (about $148 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-472 of monthly cash flow. Sold prices moved +22.8% over the past year. Inventory sits at about 5.6 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Patrick Springs cash-flowing listings

CashFlowRE ranks every for-sale home in Patrick Springs, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Patrick Springs deals, or browse the national market data.