2934 Rivermont Ave APT 13LynchburgVA24503
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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 2934 Rivermont Ave APT 13, Lynchburg, VA, 24503 offers a 5.38% rental yield on a $309,900 purchase with $1,390/mo rent. 14% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,620 over five years. Portfolio math shows five-year ROI at 46.81% and total cumulative return in cash at $48,084. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,390/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1917
871.20 sqft lot
$N/A/sqft
$459 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24503, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,753 (100%) |
| Owner Occupied HU | 5,886 (67.2%) |
| Renter Occupied HU | 2,166 (24.7%) |
| Vacant Housing Units | 701 ( 8.0%) |
| Median Home Value | $373,802 |
| Average Home Value | $446,243 |
Housing Distribution
Address Breakdown
Residential
8,610
Single Family
7,652
Multi-Family
958
Businesses
293
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Listed by: Moyanne Harding • Keller Williams
Mls Name: LMLS
Mls Provider:
Mls ID: #351314
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.