1315 Lindsay StLynchburgVA24502
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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 1315 Lindsay St, Lynchburg, VA, 24502 offers $2,754/mo rent that, after a $1,407/mo payment, leaves $1,036/mo cash flow. Total monthly income is $2,754/mo, and annual cash flow is $12,426/yr on $95,306 cash. Return on cash invested measures 32.95% in year one, and rental yield stands at 11.49% at a $287,500 entry. Equity gained on principal adds $1,855/yr while 5% annual appreciation compounds into $79,431 by year five. Five-year ROI records 172.48% and total cumulative return in cash reaches $164,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,754/mo property income versus a $1,407/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.66 Acres 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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Listed by: Lauren Bell • Lauren Bell Real Estate, Inc.
Mls Name: LMLS
Mls Provider:
Mls ID: #358227
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.