314 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 314 Meadows Dr, Forest, VA, 24551 offers $2,394/mo rent that, after a $1,799/mo payment, leaves $197/mo cash flow. Total monthly income is $2,394/mo, and annual cash flow is $2,362/yr on $121,826 cash. Return on cash invested measures 21.85% in year one, and rental yield stands at 7.82% at a $367,500 entry. Equity gained on principal adds $2,371/yr while 5% annual appreciation compounds into $101,533 by year five. Five-year ROI records 112.96% and total cumulative return in cash reaches $137,616. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,394/mo property income versus a $1,799/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.46 Acres lot
$N/A/sqft
No 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: Nadine Blakely • Re/Max 1st Olympic
Mls Name: LMLS
Mls Provider:
Mls ID: #361152
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.