122 Sunset Ridge 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 122 Sunset Ridge Rd, Forest, VA, 24551 priced at $319,900 converts $2,008/mo rent into after a $1,566/mo obligation. Total monthly income equals $2,008/mo. Return on cash invested prints 15.67% in year one, and rental yield reads 7.53% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 81.77% and total cumulative return in cash sums $86,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,008/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
1,306 sqft lot
$N/A/sqft
$470 monthly 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: Anne I Coleman • Realty ONE Group Leading Edge
Mls Name: LMLS
Mls Provider:
Mls ID: #358845
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.