34 Cape Point CtLynchburgVA24502
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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 34 Cape Point Ct, Lynchburg, VA, 24502 priced at $203,000 pairs $1,640/mo rent with $426/mo cash flow after a $994/mo payment. Total monthly income equals $1,640/mo, and annual cash flow comes to $5,113/yr on $67,295 invested. Return on cash invested is 27.51% in year one, and rental yield stands at 9.69% on a $203,000 basis. Equity gained on principal adds $1,310/yr, and 5% annual appreciation accumulates to $56,085 by year five. Five-year ROI measures 143.37% and total cumulative return in cash reaches $96,482. For financing, Ziffy Mortgage’s DSCR program evaluates $1,640/mo property income against a $994/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24502, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,938 (100%) |
| Owner Occupied HU | 10,006 (50.2%) |
| Renter Occupied HU | 8,210 (41.2%) |
| Vacant Housing Units | 1,722 ( 8.6%) |
| Median Home Value | $245,190 |
| Average Home Value | $284,556 |
Housing Distribution
Address Breakdown
Residential
19,837
Single Family
18,077
Multi-Family
1,760
Businesses
1,706
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