500 Amherst StLynchburgVA24504
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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 500 Amherst St, Lynchburg, VA, 24504 priced at $195,999 converts $1,493/mo rent into $322/mo cash flow after a $959/mo obligation. Total monthly income equals $1,493/mo, and annual cash flow totals $3,860/yr on $64,974 invested. Return on cash invested prints 25.85% in year one, and rental yield reads 9.14% against a $195,999 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation compiles into $54,151 by year five. Five-year ROI reaches 134.42% and total cumulative return in cash sums $87,336. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,493/mo property income covering a $959/mo payment, not borrower’s personal income.
Single Family
Built in 1890
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24504, Lynchburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 2,088 (39.9%) |
| Renter Occupied HU | 2,135 (40.8%) |
| Vacant Housing Units | 1,014 (19.4%) |
| Median Home Value | $210,823 |
| Average Home Value | $227,948 |
Housing Distribution
Address Breakdown
Residential
4,875
Single Family
4,287
Multi-Family
588
Businesses
546
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