355 Forge RdLexingtonVA24450
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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 Lexington at 355 Forge Rd, Lexington, VA, 24450 at $249,950 posts ROI 26.6% with $462/mo cash flow from $1,956/mo rent. Total monthly income equals $1,956/mo, and annual cash flow records $5,547/yr on $82,858 to close. Return on cash invested measures 26.6% and rental yield reads 9.39% at the current $249,950. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,057 by year five. Five-year ROI prints 138.5% and total cumulative return in cash totals $114,762.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,956/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
1 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
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