3206 Memorial AveLynchburgVA24501
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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 3206 Memorial Ave, Lynchburg, VA, 24501 generates $894/mo in rent and, after a $582/mo payment, leaves $183/mo in cash flow. Total monthly income is $894/mo, and annual cash flow is $2,197/yr on $39,449 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.02% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 132.55% and total cumulative return in cash sums $52,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $894/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
5,100 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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Listed by: Liz Pino • eXp Realty LLC-Fredericksburg
Mls Name: LMLS
Mls Provider:
Mls ID: #359426
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.