414 Norfolk AveLynchburgVA24503
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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 414 Norfolk Ave, Lynchburg, VA, 24503 with 5% annual appreciation on a $388,000 basis while $2,585/mo rent supports operations. Total monthly income totals $2,585/mo and a $1,899/mo payment preserves $266/mo for cash returns. Annual cash flow comes to $3,188/yr on $128,622 deployed, and return on cash invested reaches 22.39% in year one. Equity gained on principal adds $2,504/yr, and five-year appreciation sums $107,197 alongside rental yield of 7.99%. Five-year ROI measures 115.85% and total cumulative return in cash totals $149,008.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,585/mo property income versus a $1,899/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
0.68 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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