1670 Forge Rd, Lexington, VA, 24450 | 5.79% Rental Yield

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1670 Forge Rd, Lexington, VA, 24450 | 5.79% Rental Yield | 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 Lexington at 1670 Forge Rd, Lexington, VA, 24450 listed at $695,000 pairs $3,354/mo rent with a $3,402/mo payment. Total monthly income runs $3,354/mo. Return on cash invested measures 15.86% in year one, and rental yield registers 5.79% at a $695,000 basis. Equity gained on principal adds $4,485/yr, and annual property appreciation at 5% supports $192,016 by year five. Five-year ROI tracks 80.82% and total cumulative return in cash totals $184,794. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,354/mo property income relative to a $3,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2005

5.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't miss this move-in ready home with stunning mountain views. set on over 5 acres of beautiful land! This spacious residence offers 4 bedrooms & 2.5 bathrooms, including a large living room with built-in bookcases, & direct access to a screened porch. A formal dining room & generous family room provide plenty of space for entertaining & everyday living. The full, unfinished walkout basement is plumbed for a future bathroom & offers abundant storage or the opportunity to create additional finished spate to suit your needs. Outdoor living is a highlight of this property, with large deck screened porch perfect formal dining & relaxing with family & friends. The fenced backyard provides a safe area for outdoor enjoyment complemented by a detached 2 car garage, a new small barn with loft the sellers had planned to use for raising animals along with fruit and nut trees, enhancing the property's natural beauty. Horses, chickens, pets, and other small animals as could possibly be permitted under Rockbridge County land development regulations, making this the ideal homestead for those who dream of a blend of modem comfort and country living. In the family room there is a Hearthstone Wood Burning Stove for those chilly evenings. For those car enthusiasts or for folks looking for additional-storage-space, there is not only a 2 car attached garage, but a 2 car detached garage as well! Elementary School: Central; Middle: Maury River; High: Rockbridge County

Neighborhood Data

Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,782 (100%)
Owner Occupied HU	4,502 (57.9%)
Renter Occupied HU	2,172 (27.9%)
Vacant Housing Units	1,108 (14.2%)
Median Home Value	$336,486
Average Home Value	$408,309