169 Luke Ct, Rustburg, VA, 24588 | $272/mo Cash Flow

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169 Luke Ct, Rustburg, VA, 24588 | $272/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rustburg at 169 Luke Ct, Rustburg, VA, 24588 priced at $294,900 converts $2,034/mo rent into $272/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $3,258/yr on $97,759 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 8.28% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 120.45% and total cumulative return in cash sums $117,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,443/mo payment, not borrower’s personal income.

Townhouse

Built in N/A

2,003 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 169 Luke Ct a brand new townhouse in the beautiful Augusta Springs subdivision! Top-of-the-line amenities include pickleball courts, a dog park, swimming pool, and clubhouse. This unit built by CRM Construction has so many extras! The modern interior features a bright kitchen, and living areas with a main-level half bathroom, and LVP flooring throughout along with upgraded trim. Upstairs, you'll find a spacious primary suite with a double vanity, a separate laundry room, a full bathroom, two additional bedrooms and a pull down attic for extra storage! You will love the spacious garage that is wired for electric vehicles. Conveniently located just outside of Lynchburg, with easy access to universities, shopping, dining, and more! Seller is offering up to $5,000 in closing costs!

Neighborhood Data

Neighborhood data shown for ZIP Code: 24588, Rustburg, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,025 (100%)
Owner Occupied HU	2,961 (73.6%)
Renter Occupied HU	721 (17.9%)
Vacant Housing Units	343 ( 8.5%)
Median Home Value	$254,650
Average Home Value	$251,510