623 Cabell St #1LynchburgVA24504
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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 623 Cabell St #1, Lynchburg, VA, 24504 earns $331/mo cash flow from $1,168/mo rent with a $685/mo payment. Total monthly income totals $1,168/mo, and annual cash flow totals $3,976/yr on $46,410 capital. ROI tracks 28.48% on current figures, and rental yield reads 10.01% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 148.57% and total cumulative return in cash sums $68,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,168/mo property income instead of your personal income.
Condo
Built in 1899
1,742 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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