2214 Deer RunForestVA24551
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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
Investment property for sale in Forest at 2214 Deer Run, Forest, VA, 24551 offers a 9.27% rental yield on a $199,900 purchase with $1,544/mo rent. 27% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 96.7% and total cumulative return in cash at $64,081. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,544/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$440 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,175
Single Family
10,420
Multi-Family
755
Businesses
877
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Listed by: Ashley C. Eiban • eXp Realty LLC-Lynchburg
Mls Name: LMLS
Mls Provider:
Mls ID: #361080
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.