103 Capital St UNIT 101LynchburgVA24502
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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 Lynchburg at 103 Capital St UNIT 101, Lynchburg, VA, 24502 uses $74,422 cash to close to unlock $237/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $1,099/mo payment keeps the spread at $20/mo. Purchase price stands at $224,500, and rental yield measures 7.81% with $1,462/mo rent. Return on cash invested shows 20.23% in year one, and 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 104.87% and total cumulative return in cash records $78,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $1,099/mo payment rather than investor’s personal income.
Condo
Built in 2008
365.90 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24502, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,938 (100%) |
| Owner Occupied HU | 10,006 (50.2%) |
| Renter Occupied HU | 8,210 (41.2%) |
| Vacant Housing Units | 1,722 ( 8.6%) |
| Median Home Value | $245,190 |
| Average Home Value | $284,556 |
Housing Distribution
Address Breakdown
Residential
19,837
Single Family
18,077
Multi-Family
1,760
Businesses
1,706
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Listed by: Tracy Ellett • Keller Williams
Mls Name: LMLS
Mls Provider:
Mls ID: #360758
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.