464 Oak Point 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 464 Oak Point Rd, Forest, VA, 24551 uses $99,417 cash to close to unlock $781/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,468/mo payment keeps the spread at $65/mo. Purchase price stands at $299,900, and rental yield measures 8.75% with $2,188/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 108.28% and total cumulative return in cash records $107,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Townhouse
Built in 1991
2,613 sqft lot
$N/A/sqft
$330 monthly 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: Jacob Cox • Elite Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #363532
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.