23 Countryplace LnLynchburgVA24501
Nearby investment properties with comparable rents
- 4 Bed
- 1 Bath
- 1120 sft
- 3 Bed
- 1 Bath
- 1276 sft
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 Lynchburg at 23 Countryplace Ln, Lynchburg, VA, 24501 uses $43,924 cash to close to unlock $3,666/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,098/mo, and a $649/mo payment keeps the spread at $305/mo. Purchase price stands at $132,500, and rental yield measures 9.94% with $1,098/mo rent. Return on cash invested shows 28.25% in year one, and 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 147.35% and total cumulative return in cash records $64,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,098/mo property income covering a $649/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
1,228 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
Nearby investment properties with comparable rents
- 4 Bed
- 1 Bath
- 1120 sft
- 3 Bed
- 1 Bath
- 1276 sft
Nearby investment properties with comparable prices
Listed by: Jeremy Bruce Phillips Sr. • BHHS Dawson Ford Garbee-Forest
Mls Name: LMLS
Mls Provider:
Mls ID: #359116
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.