1162 Meadow Down DrForestVA24551
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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 1162 Meadow Down Dr, Forest, VA, 24551 generates $2,394/mo in rent, after a $2,076/mo payment. Total monthly income is $2,394/mo. Return on cash invested sits at 18.7% in year one, and rental yield is 6.77% on a $424,200 entry. Equity gained on principal adds $2,737/yr, while 5% annual appreciation builds toward $117,199 over five years. Five-year ROI reaches 96.1% and total cumulative return in cash sums $135,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,394/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.46 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
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