37 Elk Creek RdForestVA24551
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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 37 Elk Creek Rd, Forest, VA, 24551 listed at $556,900 pairs $2,436/mo rent with a $2,726/mo payment. Total monthly income runs $2,436/mo. Return on cash invested measures 14.21% in year one, and rental yield registers 5.25% at a $556,900 basis. Equity gained on principal adds $3,594/yr, and annual property appreciation at 5% supports $153,861 by year five. Five-year ROI tracks 71.97% and total cumulative return in cash totals $131,860. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,436/mo property income relative to a $2,726/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
N/A 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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