1300 Stoney Ridge Blvd #208, Forest, VA, 24551 | $619/mo Cash Flow

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1300 Stoney Ridge Blvd #208, Forest, VA, 24551 | $619/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Forest at 1300 Stoney Ridge Blvd #208, Forest, VA, 24551 listed at $255,000 pairs $2,143/mo rent with a $1,248/mo payment to leave $619/mo cash flow. Total monthly income runs $2,143/mo, and annual cash flow reaches $7,425/yr on $84,533 cash to close. Return on cash invested measures 28.69% in year one, and rental yield registers 10.08% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 149.67% and total cumulative return in cash totals $126,524. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,143/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2021

1,271 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to low-maintenance living in the highly desirable Farmington at Forest! This beautiful condo offer the perfect blend of convenience and comfort in a quiet Forest location with low county taxes. Enjoy a lock-and-leave lifestyle with exterior maintenance, landscaping, grass cutting, snow removal, and insurance all included. Community amenities feature walking trails, sidewalks, street lights, clubhouse with workout area, gazebo, elevators, and access to pool membership. Ideal for those seeking a peaceful setting without the upkeep. End unit, isolated bedrooms, privacy, immaculately maintained and regularly serviced HVAC - 2023 all new appliances. Elevator for convenience!! Don't miss your chance to own in one of Forest's most sought-after condo communities!

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