18 Snowfield CirLynchburgVA24503
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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 18 Snowfield Cir, Lynchburg, VA, 24503 priced at $569,950 converts $3,118/mo rent into after a $2,790/mo obligation. Total monthly income equals $3,118/mo. Return on cash invested prints 18.11% in year one, and rental yield reads 6.56% against a $569,950 entry. Equity gained on principal adds $3,678/yr, while 5% annual appreciation compiles into $157,467 by year five. Five-year ROI reaches 92.93% and total cumulative return in cash sums $174,261. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,118/mo property income covering a $2,790/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.32 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: Allison Ratcliffe • R. Fralin & Associates Inc
Mls Name: LMLS
Mls Provider:
Mls ID: #355637
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.