630 Selene StLynchburgVA24503
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
Investment Highlights
Investment property for sale in Lynchburg at 630 Selene St, Lynchburg, VA, 24503 uses $94,444 cash to close to unlock $10,024/yr annual cash flow and $835/mo monthly cash flow. Total monthly income runs $2,538/mo, and a $1,394/mo payment keeps the spread at $835/mo. Purchase price stands at $284,900, and rental yield measures 10.69% with $2,538/mo rent. Return on cash invested shows 30.52% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 159.51% and total cumulative return in cash records $150,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,538/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.37 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices