1229 Commonwealth CirForestVA24551
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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
Investment property for sale in Forest at 1229 Commonwealth Cir, Forest, VA, 24551 earns $494/mo cash flow from $2,394/mo rent with a $1,441/mo payment. Total monthly income totals $2,394/mo, and annual cash flow totals $5,928/yr on $97,627 capital. ROI tracks 25.98% on current figures, and rental yield reads 9.75% at a $294,500 purchase. Equity gained on principal adds $1,900/yr, and 5% annual appreciation supports $81,365 over five years. Five-year ROI reaches 135.74% and total cumulative return in cash sums $132,517. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,394/mo property income instead of your personal income.
Townhouse
Built in 2017
3,484 sqft lot
$N/A/sqft
$140 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: Dan Callaway • Cornerstone Realty Group Inc.
Mls Name: LMLS
Mls Provider:
Mls ID: #361441
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.