1508 Somerset DrLynchburgVA24503
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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 1508 Somerset Dr, Lynchburg, VA, 24503 earns $703/mo cash flow from $2,914/mo rent with a $1,810/mo payment. Total monthly income totals $2,914/mo, and annual cash flow totals $8,439/yr on $122,622 capital. ROI tracks 26.79% on current figures, and rental yield reads 9.45% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 139.5% and total cumulative return in cash sums $171,058. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,914/mo property income instead of your personal income.
Single Family
Built in 1922
0.28 Acres lot
$N/A/sqft
No 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: Joshua David Redmond • Mark A. Dalton & Co., Inc.
Mls Name: LMLS
Mls Provider:
Mls ID: #360085
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.