2121 Hanover StLynchburgVA24501
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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 2121 Hanover St, Lynchburg, VA, 24501 generates $1,147/mo in rent and, after a $822/mo payment, leaves $143/mo in cash flow. Total monthly income is $1,147/mo, and annual cash flow is $1,716/yr on $55,692 invested. Return on cash invested sits at 22.99% in year one, and rental yield is 8.19% on a $168,000 entry. Equity gained on principal adds $1,084/yr, while 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 119.08% and total cumulative return in cash sums $66,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,147/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
6,621 sqft lot
$N/A/sqft
No 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: Stacy Powell • Keller Williams
Mls Name: LMLS
Mls Provider:
Mls ID: #361061
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.