106 Connecticut AveLynchburgVA24502
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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 106 Connecticut Ave, Lynchburg, VA, 24502 with 5% annual appreciation on a $329,900 basis while $2,754/mo rent supports operations. Total monthly income totals $2,754/mo and a $1,615/mo payment preserves $782/mo for cash returns. Annual cash flow comes to $9,379/yr on $109,362 deployed, and return on cash invested reaches 28.49% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 10.02%. Five-year ROI measures 148.55% and total cumulative return in cash totals $162,459.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,754/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
9,583 sqft lot
$N/A/sqft
No 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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