107 Forest Park DrForestVA24551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Forest at 107 Forest Park Dr, Forest, VA, 24551 uses $118,346 cash to close to unlock $10,395/yr annual cash flow and $866/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,747/mo payment keeps the spread at $866/mo. Purchase price stands at $357,000, and rental yield measures 10.08% with $3,000/mo rent. Return on cash invested shows 28.69% in year one, and 5% annual appreciation builds toward $98,633 over five years. Five-year ROI reaches 149.7% and total cumulative return in cash records $177,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,747/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.50 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sky N. Pacot • LPT Realty, Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #358798
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.