306 Quail Meadows DrForestVA24551
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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 Forest at 306 Quail Meadows Dr, Forest, VA, 24551 priced at $574,900 converts $2,680/mo rent into after a $2,814/mo obligation. Total monthly income equals $2,680/mo. Return on cash invested prints 15.23% in year one, and rental yield reads 5.59% against a $574,900 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,834 by year five. Five-year ROI reaches 77.48% and total cumulative return in cash sums $146,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,680/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.67 Acres lot
$N/A/sqft
$50 annually 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: Teresa D. Hudson • John Stewart Walker, Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #359190
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.