1514 Forest AveBuena VistaVA24416
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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 Buena Vista at 1514 Forest Ave, Buena Vista, VA, 24416 generates $1,477/mo in rent and, after a $920/mo payment, leaves $353/mo in cash flow. Total monthly income is $1,477/mo, and annual cash flow is $4,240/yr on $62,322 invested. Return on cash invested sits at 26.71% in year one, and rental yield is 9.43% on a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 139.11% and total cumulative return in cash sums $86,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,477/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24416, Buena Vista, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 2,407 (60.0%) |
| Renter Occupied HU | 1,117 (27.9%) |
| Vacant Housing Units | 485 (12.1%) |
| Median Home Value | $203,571 |
| Average Home Value | $276,812 |
Housing Distribution
Address Breakdown
Residential
3,723
Single Family
3,524
Multi-Family
199
Businesses
259
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Listed by: Mary Beth Harris • James River Realty - Lexington
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138927
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