306 Fox Runn DrLynchburgVA24503
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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 306 Fox Runn Dr, Lynchburg, VA, 24503 priced at $486,500 converts $3,970/mo rent into $1,037/mo cash flow after a $2,381/mo obligation. Total monthly income equals $3,970/mo, and annual cash flow totals $12,444/yr on $161,275 invested. Return on cash invested prints 27.62% in year one, and rental yield reads 9.79% against a $486,500 entry. Equity gained on principal adds $3,139/yr, while 5% annual appreciation compiles into $134,411 by year five. Five-year ROI reaches 144% and total cumulative return in cash sums $232,241. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,970/mo property income covering a $2,381/mo payment, not borrower’s personal income.
Single Family
Built in 1988
3.17 Acres lot
$N/A/sqft
$300 annually 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: Jane Blickenstaff • Blickenstaff & Company, Realto
Mls Name: LMLS
Mls Provider:
Mls ID: #359038
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.