3104 Cranehill 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
Investment property for sale in Lynchburg at 3104 Cranehill Dr, Lynchburg, VA, 24503 uses $119,307 cash to close to unlock $11,593/yr annual cash flow and $966/mo monthly cash flow. Total monthly income runs $3,118/mo, and a $1,762/mo payment keeps the spread at $966/mo. Purchase price stands at $359,900, and rental yield measures 10.4% with $3,118/mo rent. Return on cash invested shows 29.63% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 154.71% and total cumulative return in cash records $184,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,118/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.42 Acres lot
$N/A/sqft
No 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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