46 Kitty Hawk SqLynchburgVA24502
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 46 Kitty Hawk Sq, Lynchburg, VA, 24502 in Lynchburg earns a 8.89% gross yield at $174,900. Rent of $1,296/mo nets $250/mo after the $786/mo mortgage. The 1.65 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $48,322 and $1,611/yr in equity accumulation project a total cumulative return of $82,321.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 4.8% |
| Monthly Cash Flow | $250 | $850 |
City averages based on Lynchburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,296 |
| Total Monthly Debt Service | $976 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
771.01 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1985
771.01 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices