1406 Nelson DrLynchburgVA24502
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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 1406 Nelson Dr, Lynchburg, VA, 24502 listed at $206,000 pairs $1,513/mo rent with a $1,008/mo payment to leave $282/mo cash flow. Total monthly income runs $1,513/mo, and annual cash flow reaches $3,382/yr on $68,289 cash to close. Return on cash invested measures 24.86% in year one, and rental yield registers 8.81% at a $206,000 basis. Equity gained on principal adds $1,329/yr, and annual property appreciation at 5% supports $56,914 by year five. Five-year ROI tracks 129.12% and total cumulative return in cash totals $88,172. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,513/mo property income relative to a $1,008/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.42 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: Chris Dorner • eXp Realty LLC-Stafford
Mls Name: LMLS
Mls Provider:
Mls ID: #360842
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.