1313 Boonsboro MdwsLynchburgVA24503
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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
Rental property for sale in Lynchburg at 1313 Boonsboro Mdws, Lynchburg, VA, 24503 priced at $509,900 pairs $3,118/mo rent with $55/mo cash flow after a $2,496/mo payment. Total monthly income equals $3,118/mo, and annual cash flow comes to $660/yr on $167,757 invested. Return on cash invested is 20.45% in year one, and rental yield stands at 7.34% on a $509,900 basis. Equity gained on principal adds $3,290/yr, and 5% annual appreciation accumulates to $140,876 by year five. Five-year ROI measures 105.51% and total cumulative return in cash reaches $177,008. For financing, Ziffy Mortgage’s DSCR program evaluates $3,118/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24503, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,610
Single Family
7,652
Multi-Family
958
Businesses
293
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Listed by: Kim W Bussey • TMoore Real Estate Group LLC
Mls Name: LMLS
Mls Provider:
Mls ID: #358971
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.