1853 Rainbow Forest 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 1853 Rainbow Forest Dr, Lynchburg, VA, 24502 uses $91,163 cash to close to unlock $10,297/yr annual cash flow and $858/mo monthly cash flow. Total monthly income runs $2,502/mo, and a $1,346/mo payment keeps the spread at $858/mo. Purchase price stands at $275,000, and rental yield measures 10.92% with $2,502/mo rent. Return on cash invested shows 31.2% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 163.18% and total cumulative return in cash records $148,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,502/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.46 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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