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

Patrick Springs, VA has a median modeled monthly cash flow of $-344 and a median cap rate of 4.2%, on a median sold price of $225,500. Prices changed +13.6% 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 4.2%, 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 $225,500 (about $146 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.

$225,500Median sold price

$146Median $/sqft

4.2%Median cap rate

$-344Modeled cash flow / mo

+13.6%Appreciation YoY

7.6Months of supply

26Active listings

41Sold (last 12 mo)

What the Patrick Springs numbers say

In Patrick Springs, VA, the median home sold for $225,500 (about $146 per square foot), and the typical deal models out to a 4.2% cap rate with a median $-344 of monthly cash flow. Sold prices moved +13.6% over the past year. Inventory sits at about 7.6 months of supply — a looser, buyer-friendly market. 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.