206 Lynchburg AveColonial HeightsVA23834
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colonial Heights at 206 Lynchburg Ave, Colonial Heights, VA, 23834 with 5% annual appreciation on a $257,900 basis while $2,468/mo rent supports operations. Total monthly income totals $2,468/mo and a $1,262/mo payment preserves $927/mo for cash returns. Annual cash flow comes to $11,119/yr on $85,494 deployed, and return on cash invested reaches 32.91% in year one. Equity gained on principal adds $1,664/yr, and five-year appreciation sums $71,253 alongside rental yield of 11.48%. Five-year ROI measures 172.31% and total cumulative return in cash totals $147,318.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,468/mo property income versus a $1,262/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Hogan • The Hogan Group Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2422212
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.