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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Forest at 1048 Lejack Cir, Forest, VA, 24551 offers a 7.69% rental yield on a $549,900 purchase with $3,524/mo rent. Total monthly income registers $3,524/mo, and a $2,691/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,847/yr on $180,917 to close, and return on cash invested stands at 21.63% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,927 over five years. Portfolio math shows five-year ROI at 111.79% and total cumulative return in cash at $202,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,524/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24551, Forest, VA area.
| 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 |
Residential
11,175
Single Family
10,420
Multi-Family
755
Businesses
877
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Listed for sale | $549,900 |
| 2019-07-29 | Sold | $385,000 |
| 2019-06-06 | Listed for sale | $389,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1885.18 | 10.18% | $459,800 | 34.37% |
| 2022-11-11 | $1711.00 | N/A | $342,200 | N/A |
| 2021-11-11 | $1711.00 | N/A | $342,200 | N/A |
What's Special
Pull Down Stairs
Listed by: Chris Johnson • Long & Foster-Forest
Mls Name: LMLS
Mls Provider:
Mls ID: #355690
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.
