1015 Elk Creek RdForestVA24551
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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
Rental property for sale in Forest at 1015 Elk Creek Rd, Forest, VA, 24551 priced at $447,500 pairs $3,077/mo rent with $371/mo cash flow after a $2,190/mo payment. Total monthly income equals $3,077/mo, and annual cash flow comes to $4,446/yr on $148,346 invested. Return on cash invested is 22.91% in year one, and rental yield stands at 8.25% on a $447,500 basis. Equity gained on principal adds $2,888/yr, and 5% annual appreciation accumulates to $123,636 by year five. Five-year ROI measures 118.74% and total cumulative return in cash reaches $176,149. For financing, Ziffy Mortgage’s DSCR program evaluates $3,077/mo property income against a $2,190/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.53 Acres lot
$N/A/sqft
$380 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24551, Forest, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,212 (100%) |
| Owner Occupied HU | 8,298 (74.0%) |
| Renter Occupied HU | 2,395 (21.4%) |
| Vacant Housing Units | 519 ( 4.6%) |
| Median Home Value | $390,798 |
| Average Home Value | $456,119 |
Housing Distribution
Address Breakdown
Residential
11,175
Single Family
10,420
Multi-Family
755
Businesses
877
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Listed by: Robert Fralin • R. Fralin & Associates Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #350003
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.