1215 Jefferson St #3WLynchburgVA24504
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1215 Jefferson St #3W, Lynchburg, VA, 24504 in Lynchburg. Rental yield 3.88%. At $630,000 with 3.88% gross yield, current distributions are modest, but the 5% appreciation rate projects $174,057 in new equity by year five, complemented by $5,802/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.72) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $91,184.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 4.8% |
| Monthly Cash Flow | $(2,327) | $850 |
City averages based on Lynchburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,039 |
| Total Monthly Debt Service | $4,115 |
| DSCR Ratio | 0.50x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2014
553.21 sqft lot
$N/A/sqft
$600 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24504, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 2,088 (39.9%) |
| Renter Occupied HU | 2,135 (40.8%) |
| Vacant Housing Units | 1,014 (19.4%) |
| Median Home Value | $210,823 |
| Average Home Value | $227,948 |
Housing Distribution
Address Breakdown
Residential
4,875
Single Family
4,287
Multi-Family
588
Businesses
546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2014
553.21 sqft lot
$N/A/sqft
$600 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24504, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 2,088 (39.9%) |
| Renter Occupied HU | 2,135 (40.8%) |
| Vacant Housing Units | 1,014 (19.4%) |
| Median Home Value | $210,823 |
| Average Home Value | $227,948 |
Housing Distribution
Address Breakdown
Residential
4,875
Single Family
4,287
Multi-Family
588
Businesses
546
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie C. Cox • Cox Management and Consulting
Mls Name: LMLS
Mls Provider:
Mls ID: #359648
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.