2004 Wards Ferry Rd APT 15LynchburgVA24502
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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 2004 Wards Ferry Rd APT 15, Lynchburg, VA, 24502 offers a 9.32% rental yield on a $181,900 purchase with $1,413/mo rent. Total monthly income registers $1,413/mo, and a $890/mo payment leaves $326/mo available for distribution. Annual cash flow reaches $3,911/yr on $60,300 to close, and return on cash invested stands at 26.4% in year one. Equity gained on principal adds $1,174/yr while 5% annual appreciation supports $50,256 over five years. Portfolio math shows five-year ROI at 137.34% and total cumulative return in cash at $82,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,413/mo property income against a $890/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
1,437 sqft 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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