5489 Forge Rd, Glasgow, VA, 24555 | $547/mo Cash Flow

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5489 Forge Rd, Glasgow, VA, 24555 | $547/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Glasgow at 5489 Forge Rd, Glasgow, VA, 24555 uses $89,472 cash to close to unlock $6,559/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,321/mo payment keeps the spread at $547/mo. Purchase price stands at $269,900, and rental yield measures 9.6% with $2,160/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 141.91% and total cumulative return in cash records $126,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,321/mo payment rather than investor’s personal income.

Manufactured

Built in 2025

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Be the first owner of this new 4 bedroom, 2 bath home on 2 acres in Rockbridge County. Perched atop a knoll, you'll enjoy views of farm fields and mountains surrounding the property. The living room is open to the kitchen with ample room for seating on 2 sides of the kitchen island. The expanded area adjacent to the kitchen can be enjoyed as a dining area, den, or would be perfect for your home office with a sliding glass door that leads out to the rear deck and yard. The primary bedroom has an ensuite bath with walk-in closet and there are 3 additional bedrooms and a full bath at the opposite end of the home for added privacy. The laundry room is next to the kitchen for added convenience. Easy maintenance linoleum floors throughout. This charming property is centrally located in a quiet community less than 2 miles from the historic Natural Bridge State Park and less than 4 miles from I-81, offering you an easy commute. Natural Bridge Elementary School, Maury River Middle School, Rockbridge County High School. Some photos are virtually staged renderings.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24555, Glasgow, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,016 (100%)
Owner Occupied HU	662 (65.2%)
Renter Occupied HU	230 (22.6%)
Vacant Housing Units	124 (12.2%)
Median Home Value	$171,316
Average Home Value	$287,557