Real Estate Investment Properties for Sale in Penhook, VA

Looking for investment property in Penhook, VA with high ROI ?

Explore a variety of short-term homes & houses in Penhook, VA. Invest wisely with VRBO & Penhook, VA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Penhook, VA

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1040 Jefferson Dock RD Penhook, VA An exquisite waterfront retreat on Smith Mountain Lake awaits at 1040 Jeffferson Dock Rd-a...	5 beds \| 3 baths \| N/A	$1,499,900	Airbnb cash on cash: 2.71% Traditional cash on cash: 1.05% Airbnb Rental Income: $7069 Traditional Rental Income: $3393 Airbnb ROI: 2.71% Traditional ROI: 1.05%
1179 Danville Turnpike Penhook, VA Set on 28.5 +/- acres in Penhook, Virginia, this property offers a rare opportunity to own...	2 beds \| 1 baths \| 1,332 sq.ft.	$309,900	Airbnb cash on cash: 7.85% Traditional cash on cash: 4.77% Airbnb Rental Income: $3515 Traditional Rental Income: $1843 Airbnb ROI: 7.85% Traditional ROI: 4.77%
145 Golfers Crossing DR Penhook, VA Charming home located within Nantucket-style Golfers Crossing in the popular lakefront com...	3 beds \| 3 baths \| 2,542 sq.ft.	$729,900	Airbnb cash on cash: 3.24% Traditional cash on cash: 1.64% Airbnb Rental Income: $5132 Traditional Rental Income: $2994 Airbnb ROI: 3.24% Traditional ROI: 1.64%
325 BULL RUN TRL Penhook, VA Experience the Ultimate in Lakefront Luxury Living at Beautiful Smith Mountain Lake. This...	4 beds \| 4 baths \| 5,440 sq.ft.	$1,899,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 0.77% Airbnb Rental Income: $6613 Traditional Rental Income: $3654 Airbnb ROI: 1.72% Traditional ROI: 0.77%
40 Bay Front RD Penhook, VA For the first time in 30 years, this inviting lake-view home is available in the highly de...	4 beds \| 4 baths \| 3,602 sq.ft.	$675,000	Airbnb cash on cash: 6.89% Traditional cash on cash: 4.47% Airbnb Rental Income: $6613 Traditional Rental Income: $3796 Airbnb ROI: 6.89% Traditional ROI: 4.47%
228 Cove RD Penhook, VA Offers presented as received! Listed below Appraised Value.(report available) Welcome to 2...	4 beds \| 4 baths \| 2,268 sq.ft.	$899,899	Airbnb cash on cash: 4.87% Traditional cash on cash: 2.41% Airbnb Rental Income: $6613 Traditional Rental Income: $3268 Airbnb ROI: 4.87% Traditional ROI: 2.41%
75 Grande Villa DR Penhook, VA Experience Luxury Lifestyle at the Grande Villas! Spacious lakefront townhouse offers supe...	4 beds \| 5 baths \| 4,946 sq.ft.	$2,250,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 0.33% Airbnb Rental Income: $6613 Traditional Rental Income: $4889 Airbnb ROI: 0.54% Traditional ROI: 0.33%

Real Estate investment in Penhook, VA

There are 8 properties for sale in the city of Penhook . The median list price in Penhook is $899,899 and the average price per square foot is $266. In October 2025, the average monthly cash on cash return in Penhook is 2.00%. The average monthly rental income in Penhook is $3,393.

Penhook, VA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 8 investment properties available for sale in Penhook.

In 2025, the best neighborhood to buy investment property is Penhook.

The ROI for Short-Term is higher than the Long-Term in Penhook with average rental income of $6,613.

Your search for investment property begins and ends here

Investment Property for Sale in Penhook, VA

1040 Jefferson Dock RD

Penhook, VA

5 beds | 3 baths | N/A

$1,499,900

Airbnb cash on cash: 2.71%

Traditional cash on cash: 1.05%

Airbnb Rental Income: $7069

Traditional Rental Income: $3393

Airbnb ROI: 2.71%

Traditional ROI: 1.05%

1179 Danville Turnpike

Penhook, VA

2 beds | 1 baths | 1,332 sq.ft.

$309,900

Airbnb cash on cash: 7.85%

Traditional cash on cash: 4.77%

Airbnb Rental Income: $3515

Traditional Rental Income: $1843

Airbnb ROI: 7.85%

Traditional ROI: 4.77%

145 Golfers Crossing DR

Penhook, VA

3 beds | 3 baths | 2,542 sq.ft.

$729,900

Airbnb cash on cash: 3.24%

Traditional cash on cash: 1.64%

Airbnb Rental Income: $5132

Traditional Rental Income: $2994

Airbnb ROI: 3.24%

Traditional ROI: 1.64%

325 BULL RUN TRL

Penhook, VA

4 beds | 4 baths | 5,440 sq.ft.

$1,899,000

Airbnb cash on cash: 1.72%

Traditional cash on cash: 0.77%

Airbnb Rental Income: $6613

Traditional Rental Income: $3654

Airbnb ROI: 1.72%

Traditional ROI: 0.77%

40 Bay Front RD

Penhook, VA

4 beds | 4 baths | 3,602 sq.ft.

$675,000

Airbnb cash on cash: 6.89%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $6613

Traditional Rental Income: $3796

Airbnb ROI: 6.89%

Traditional ROI: 4.47%

228 Cove RD

Penhook, VA

4 beds | 4 baths | 2,268 sq.ft.

$899,899

Airbnb cash on cash: 4.87%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $6613

Traditional Rental Income: $3268

Airbnb ROI: 4.87%

Traditional ROI: 2.41%

75 Grande Villa DR

Penhook, VA

4 beds | 5 baths | 4,946 sq.ft.

$2,250,000

Airbnb cash on cash: 0.54%

Traditional cash on cash: 0.33%

Airbnb Rental Income: $6613

Traditional Rental Income: $4889

Airbnb ROI: 0.54%

Traditional ROI: 0.33%

Real Estate investment in Penhook, VA

Penhook, VA Real Estate Investing: FAQs for Buyers, Sellers and Investors

How many investment properties are available for sale in Penhook?

Which neighborhoods in Penhook to invest in 2025?

Long-Term vs. Short-Term Rentals in Penhook, Virginia: Which will earn the best returns?

Use analytics to find lucrative traditional or Airbnb properties in a matter of minutes.

No more spreadsheets, no more searching.