3101 Link Rd APT 36LynchburgVA24503
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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 3101 Link Rd APT 36, Lynchburg, VA, 24503 uses $55,659 cash to close to unlock $589/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $1,303/mo, and a $822/mo payment keeps the spread at $49/mo. Purchase price stands at $167,900, and rental yield measures 9.31% with $1,303/mo rent. Return on cash invested shows 20.97% in year one, and 5% annual appreciation builds toward $46,388 over five years. Five-year ROI reaches 110.3% and total cumulative return in cash records $61,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,303/mo property income covering a $822/mo payment rather than investor’s personal income.
Townhouse
Built in 1969
2,570 sqft lot
$N/A/sqft
$250 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: Karen Jacobson • Cornerstone Realty Group Inc.
Mls Name: LMLS
Mls Provider:
Mls ID: #360805
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.