237 Salisbury CirLynchburgVA24502
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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 237 Salisbury Cir, Lynchburg, VA, 24502 priced at $340,000 converts $1,667/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,667/mo. Return on cash invested prints 11.85% in year one, and rental yield reads 5.88% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 60.84% and total cumulative return in cash sums $68,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,667/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Condo
Built in 2003
2,164 sqft lot
$N/A/sqft
$392 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24502, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,938 (100%) |
| Owner Occupied HU | 10,006 (50.2%) |
| Renter Occupied HU | 8,210 (41.2%) |
| Vacant Housing Units | 1,722 ( 8.6%) |
| Median Home Value | $245,190 |
| Average Home Value | $284,556 |
Housing Distribution
Address Breakdown
Residential
19,837
Single Family
18,077
Multi-Family
1,760
Businesses
1,706
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Listed by: Tina Friar • Keller Williams
Mls Name: LMLS
Mls Provider:
Mls ID: #360813
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.