3008 Hill St #400LynchburgVA24501
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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 3008 Hill St #400, Lynchburg, VA, 24501 generates $2,260/mo in rent and, after a $1,492/mo payment, leaves $438/mo in cash flow. Total monthly income is $2,260/mo, and annual cash flow is $5,252/yr on $101,074 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 8.89% on a $304,900 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 130.43% and total cumulative return in cash sums $131,834. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,260/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
2,003 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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