2329 Fort 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
Rental property for sale in Lynchburg at 2329 Fort Ave, Lynchburg, VA, 24501 priced at $100,000 pairs $765/mo rent with $168/mo cash flow after a $489/mo payment. Total monthly income equals $765/mo, and annual cash flow comes to $2,012/yr on $33,150 invested. Return on cash invested is 25.98% in year one, and rental yield stands at 9.18% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 135.14% and total cumulative return in cash reaches $44,800. For financing, Ziffy Mortgage’s DSCR program evaluates $765/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
0.47 Acres 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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