308 Wessex RdLynchburgVA24501
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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 308 Wessex Rd, Lynchburg, VA, 24501 at $279,900 posts ROI 21.47% with $121/mo cash flow from $1,794/mo rent. Total monthly income equals $1,794/mo, and annual cash flow records $1,449/yr on $92,787 to close. Return on cash invested measures 21.47% and rental yield reads 7.69% at the current $279,900. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 by year five. Five-year ROI prints 110.95% and total cumulative return in cash totals $102,949.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,794/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
8,015 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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