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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 Lynchburg at 1159 Thomas Randolph Pl, Lynchburg, VA, 24503 generates $3,118/mo in rent, after a $4,841/mo payment. Total monthly income is $3,118/mo. Return on cash invested sits at 9.75% in year one, and rental yield is 3.78% on a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 48.07% and total cumulative return in cash sums $156,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,118/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24503, Lynchburg, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,753 (100%) |
| Owner Occupied HU | 5,886 (67.2%) |
| Renter Occupied HU | 2,166 (24.7%) |
| Vacant Housing Units | 701 ( 8.0%) |
| Median Home Value | $373,802 |
| Average Home Value | $446,243 |
Residential
8,610
Single Family
7,652
Multi-Family
958
Businesses
293
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $989,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Walk-In
Listed by: Jessica Oliver • Lynchburg's Finest Team LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #354480
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.
