1610 Meadow Down Dr, Forest, VA, 24551 | $499/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1610 Meadow Down Dr, Forest, VA, 24551 | $499/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 1610 Meadow Down Dr, Forest, VA, 24551 listed at $394,900 pairs $2,860/mo rent with a $1,933/mo payment to leave $499/mo cash flow. Total monthly income runs $2,860/mo, and annual cash flow reaches $5,990/yr on $130,909 cash to close. Return on cash invested measures 24.48% in year one, and rental yield registers 8.69% at a $394,900 basis. Equity gained on principal adds $2,548/yr, and annual property appreciation at 5% supports $109,104 by year five. Five-year ROI tracks 127.13% and total cumulative return in cash totals $166,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,860/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1997

0.93 Acres lot

$N/A/sqft

No HOA

More details about the property

Fall in LOVE with this storybook Cape Cod nestled on nearly an acre (.93) in the heart of Forest at the rear of a quiet neighborhood. Such charm, modern updates, relax on the covered front porch, matching shed, fenced back yard with hand-built chicken coop, firepit, nice deck for grilling, professional landscaping, mature trees. Step inside to lovely hardwoods, freshly painted living room with newer gas logs, custom mantle. Bright open kitchen, crisp white cabinetry, newer gas cooktop/oven, stainless appliances, generous dining area. Main level primary suite with pampering bath, walk-in closet with custom built-in shelving/rods. Second level boasts two large bedrooms, full bath. Full basement provides excellent storage with built-in work benches, flexible space for home gym, rec room or office. Two-car garage shines with epoxy floors, fresh paint, paved driveway adds to the great curb appeal. All this in a sought-after neighborhood ideal for walking/jogging, TJ Elem/JF schools. A GEM!

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