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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Forest at 5870 New London Rd, Forest, VA, 24551 priced at $370,000 pairs $2,773/mo rent with $561/mo cash flow after a $1,811/mo payment. Total monthly income equals $2,773/mo, and annual cash flow comes to $6,734/yr on $122,655 invested. Return on cash invested is 25.4% in year one, and rental yield stands at 8.99% on a $370,000 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,224 by year five. Five-year ROI measures 132.03% and total cumulative return in cash reaches $161,945. For financing, Ziffy Mortgage’s DSCR program evaluates $2,773/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2009
3 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24551, Forest, VA area.
| 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 |
Residential
11,175
Single Family
10,420
Multi-Family
755
Businesses
877
Date | Event | Price |
|---|---|---|
| 2024-11-26 | Sold | $370,000 |
| 2024-10-05 | Pending sale | $369,900 |
| 2024-09-12 | Price change | $369,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $1076.25 | N/A | $262,500 | N/A |
| 2023-07-09 | $1076.25 | 12.46% | $262,500 | 37.15% |
| 2022-07-09 | $957.00 | N/A | $191,400 | N/A |
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Listed by: Kiki Metz • BHHS Dawson Ford Garbee-Forest
Mls Name: LMLS
Mls Provider:
Mls ID: #354404
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.
