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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Forest at 2314 Deer Run, Forest, VA, 24551 uses $61,328 cash to close to unlock $187/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $1,561/mo, and a $905/mo payment keeps the spread at $16/mo. Purchase price stands at $185,000, and rental yield measures 10.13% with $1,561/mo rent. Return on cash invested shows 20.21% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 107.35% and total cumulative return in cash records $65,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,561/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$440 monthly HOA
Neighborhood data shown for ZIP Code: 24551, Forest, VA area.
| 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 |
Residential
11,175
Single Family
10,420
Multi-Family
755
Businesses
877
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Sold | $185,000 |
| 2024-09-16 | Pending sale | $198,000 |
| 2024-09-10 | Price change | $198,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $629.76 | N/A | $153,600 | N/A |
| 2023-07-09 | N/A | N/A | $153,600 | 48.55% |
| 2022-07-09 | $517.00 | N/A | $103,400 | N/A |
What's Special
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Listed by: Jason Jones • Magnolia Mountain Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #352858
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.
