2346 Aragon 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
Investment property for sale in Lynchburg at 2346 Aragon St, Lynchburg, VA, 24501 uses $46,079 cash to close to unlock $3,713/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $680/mo payment keeps the spread at $309/mo. Purchase price stands at $139,000, and rental yield measures 9.84% with $1,140/mo rent. Return on cash invested shows 27.97% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 145.83% and total cumulative return in cash records $67,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,876 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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