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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% |
Investment property for sale in Lynchburg at 1026 Ardmore Dr, Lynchburg, VA, 24501 at $244,900 posts ROI 24.78% with $330/mo cash flow from $1,794/mo rent. Total monthly income equals $1,794/mo, and annual cash flow records $3,956/yr on $81,184 to close. Return on cash invested measures 24.78% and rental yield reads 8.79% at the current $244,900. Equity gained on principal adds $1,580/yr, and 5% annual appreciation supports $67,661 by year five. Five-year ROI prints 128.72% and total cumulative return in cash totals $104,501.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,794/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24501, Lynchburg, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,071 (100%) |
| Owner Occupied HU | 5,098 (42.2%) |
| Renter Occupied HU | 5,720 (47.4%) |
| Vacant Housing Units | 1,253 (10.4%) |
| Median Home Value | $208,110 |
| Average Home Value | $229,646 |
Residential
12,488
Single Family
11,495
Multi-Family
993
Businesses
1,094
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $244,900 |
| 2020-10-06 | Sold | $164,900 |
| 2020-08-09 | Listed for sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1486.30 | 1.59% | $167,000 | 26.71% |
| 2022-11-11 | $1462.98 | N/A | $131,800 | N/A |
| 2021-11-11 | $1462.98 | 8.48% | $131,800 | 8.48% |
What's Special
Pull Down Stairs
Listed by: Chase Vaden • Key to Your Heart Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #354942
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.
