2300 Memorial AveLynchburgVA24501
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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 2300 Memorial Ave, Lynchburg, VA, 24501 listed at $250,000 pairs $1,566/mo rent with a $1,224/mo payment to leave $71/mo cash flow. Total monthly income runs $1,566/mo, and annual cash flow reaches $854/yr on $82,875 cash to close. Return on cash invested measures 20.94% in year one, and rental yield registers 7.52% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 108.15% and total cumulative return in cash totals $89,626. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,566/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1923
6,098 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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