511 Sweeney CirForestVA24551
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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 511 Sweeney Cir, Forest, VA, 24551 uses $74,123 cash to close to unlock $2,997/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,586/mo, and a $1,094/mo payment keeps the spread at $250/mo. Purchase price stands at $223,600, and rental yield measures 8.51% with $1,586/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $61,777 over five years. Five-year ROI reaches 124.25% and total cumulative return in cash records $92,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $1,094/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.61 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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