1926 Canterbury Ct APT 301LynchburgVA24503
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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 1926 Canterbury Ct APT 301, Lynchburg, VA, 24503 generates $2,281/mo in rent and, after a $1,370/mo payment, leaves $608/mo in cash flow. Total monthly income is $2,281/mo, and annual cash flow is $7,292/yr on $92,820 invested. Return on cash invested sits at 27.76% in year one, and rental yield is 9.78% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 144.69% and total cumulative return in cash sums $134,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,281/mo property income rather than buyer’s personal income.
Condo
Built in 1987
522.72 sqft 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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