414 Forest LnSouth HillVA23970
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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 South Hill at 414 Forest Ln, South Hill, VA, 23970 uses $99,119 cash to close to unlock $7,441/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,407/mo, and a $1,463/mo payment keeps the spread at $620/mo. Purchase price stands at $299,000, and rental yield measures 9.66% with $2,407/mo rent. Return on cash invested shows 27.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 142.86% and total cumulative return in cash records $141,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,407/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23970, South Hill, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 2,055 (51.5%) |
| Renter Occupied HU | 1,432 (35.9%) |
| Vacant Housing Units | 503 (12.6%) |
| Median Home Value | $195,337 |
| Average Home Value | $244,914 |
Housing Distribution
Address Breakdown
Residential
3,749
Single Family
3,571
Multi-Family
178
Businesses
536
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Listed by: Scott Watson • Coldwell Banker Advantage-Littleton
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140021