20 Grove Hill TerrLynchburgVA24501
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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 20 Grove Hill Terr, Lynchburg, VA, 24501 priced at $299,990 converts $1,859/mo rent into $16/mo cash flow after a $1,468/mo obligation. Total monthly income equals $1,859/mo, and annual cash flow totals $192/yr on $99,447 invested. Return on cash invested prints 20.1% in year one, and rental yield reads 7.44% against a $299,990 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,882 by year five. Five-year ROI reaches 103.86% and total cumulative return in cash sums $103,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,859/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5,998 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24501, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,071 (100%) |
| Owner Occupied HU | 5,098 (42.2%) |
| Renter Occupied HU | 5,720 (47.4%) |
| Vacant Housing Units | 1,253 (10.4%) |
| Median Home Value | $208,110 |
| Average Home Value | $229,646 |
Housing Distribution
Address Breakdown
Residential
12,488
Single Family
11,495
Multi-Family
993
Businesses
1,094
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Listed by: Daniel Conquest • Howard Hanna Roy Wheeler Realt
Mls Name: LMLS
Mls Provider:
Mls ID: #359788
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.