608 Middle StLynchburgVA24502
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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 608 Middle St, Lynchburg, VA, 24502 priced at $319,900 converts $2,519/mo rent into $606/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,519/mo, and annual cash flow totals $7,277/yr on $106,047 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 9.45% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 139.38% and total cumulative return in cash sums $147,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,519/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 2010
0.81 Acres 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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Listed by: Jason Porter • Legacy Realty and Development
Mls Name: LMLS
Mls Provider:
Mls ID: #357943
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.