Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Forest at 1244 Thompson Ln, Forest, VA, 24551 generates $4,096/mo in rent and, after a $2,691/mo payment, leaves $805/mo in cash flow. Total monthly income is $4,096/mo, and annual cash flow is $9,661/yr on $180,917 invested. Return on cash invested sits at 25.4% in year one, and rental yield is 8.94% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 132% and total cumulative return in cash sums $238,814. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,096/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.98 Acres lot
$N/A/sqft
$50 annually 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 |
|---|---|---|
| 2025-05-04 | Listed for sale | $549,900 |
| 2025-03-25 | Listing removed | $3,000 |
| 2025-02-15 | Listed for rent | $3,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $2070.50 | N/A | $505,000 | N/A |
| 2023-05-06 | N/A | N/A | $505,000 | 30.46% |
| 2022-05-06 | $1935.50 | N/A | $387,100 | N/A |
What's Special
Scuttle
Listed by: Yvonne Jansen • Lynchburg's Finest Team LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #359030
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.
