408 Yeardley Ave · Lynchburg, VA 24502

$150,000

3 bd · 1.0 ba · 1,640 sqft · SingleFamily public records · 73 Days on market

Built 1924 5,750 sqft lot $91/sqft · 41% below area Est $250k · 40% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.8/10.0
• Livability +4.5/5.0
• Schools +4.0/10.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic American Foursquare full of charm and conveniently located near University of Lynchburg! This 3 bedroom, 1 bath home offers timeless character with modern updates including brand new vinyl siding, vinyl replacement windows, new electrical panel, new water line, and a newer hot water heater. Inside you'll find hardwood floors, a large open living room with wood-burning fireplace, formal dining room, and a kitchen with vinyl tile flooring where the refrigerator, stove, and dishwasher all convey. Just off the kitchen is a separate laundry area for added convenience. Upstairs features 3 bedrooms, a full bath, and more hardwood flooring. Relax on the covered front porch or enjoy the back porch and additional rear parking. Home offers a great opportunity to add your own touches and is being sold as is in a location close to shopping, dining, and more. This home needs a little love but a lot of the larger items are done. Will not qualify for an FHA loan. Sold As-Is

Key facts

• New water line
• Vinyl siding
• New electrical panel

Tags

• VINYL SIDING
• VINYL REPLACEMENT WINDOWS
• NEW ELECTRICAL PANEL
• NEW WATER LINE
• NEWER HOT WATER HEATER
• HARDWOOD FLOORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.0% in Lynchburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 91/100 on livability (#1 in VA, #58 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime C-, employment D+.
• Lynchburg City Public School District (urban): math 36% / reading 61% proficiency, ranked #104 of 131 in VA (top 79%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.1%/yr); 318 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; 472 units permitted in Lynchburg city in 2024 (240 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lynchburg County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $70k; list at $150k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.59%
• DSCR: 1.38
• GRM: 7.8

CMA / ARV

• ARV (median comp): $250,495
• List price: $150,000
• Delta: -40.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
220 Langhorne Ln	0.22mi	3/1.5	1,691 (+3%)	1mo	$234,000	$138	82
217 Bell St	0.19mi	3/2.0	1,587 (-3%)	2mo	$177,900	$112	80
200 Bell St	0.22mi	4/1.0 (+1)	1,680 (+2%)	0mo	$215,000	$128	80
3205 Cary St	0.31mi	3/1.5	1,620 (-1%)	3mo	$240,000	$148	79
318 Westover Blvd	0.10mi	3/2.5	1,730 (+6%)	2mo	$270,000	$156	78
411 Oakridge Blvd	0.32mi	3/2.0	1,699 (+4%)	0mo	$270,000	$159	75
3311 Memorial Ave	0.33mi	4/2.0 (+1)	1,641 (+0%)	3mo	$230,000	$140	73
510 Sussex St	0.20mi	3/2.0	1,786 (+9%)	1mo	$210,000	$118	71
1001 Rockbridge Ave	0.52mi	3/2.0	1,622 (-1%)	3mo	$160,000	$99	67
803 Old Forest Rd	0.66mi	3/1.5	1,600 (-2%)	1mo	$244,500	$153	62
1131 Rhode Island Ave	0.64mi	4/1.5 (+1)	1,720 (+5%)	1mo	$220,000	$128	54
404 Euclid Ave	0.65mi	4/3.0 (+1)	1,716 (+5%)	1mo	$245,000	$143	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.11% rent growth · sell at horizon

5-year hold

• IRR: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,672
• Equity at exit: $22,365

10-year hold

• IRR: 10.7%
• Equity multiple: 1.91×
• Total profit: $38,125
• Equity at exit: $12,969

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 24502

• Rents YoY: 5.1%
• Active inventory: 318
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,613 high
• Mortgage (P&I): −$787
• Tax from tax record: −$124 /mo · $1,489/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $301

Break-even live

Break-even rent $1,232

Max offer price $150,000

Occupancy floor 76%

Sensitivity live

Price	-10% $386	-5% $343	+0% $301	+5% $258	+10% $216
Rent	-10% $173	-5% $237	+0% $301	+5% $364	+10% $428
Rate	-1.0pp $376	-0.5pp $339	base $301	+0.5pp $262	+1.0pp $222

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Thomas Rd Unit A Lynchburg, VA	3.0	1.0	1530	$1,395	$0.91	44d	1	0.09mi
310 Yeardley Ave Lynchburg, VA	4.0	2.5	1888	$1,800	$0.95	21d	1	0.12mi
106 Yeardley Ave Unit B Lynchburg, VA	3.0	1.0	1060	$895	$0.84	21d	1	0.35mi
206 Connecticut Ave Lynchburg, VA	4.0	2.5	2180	$1,650	$0.76	21d	1	0.38mi
2920 Richmond St Lynchburg, VA	4.0	1.0	1472	$1,695	$1.15	21d	1	0.44mi
216 Kenyon St Lynchburg, VA	2.0	1.0	1114	$995	$0.89	44d	1	0.66mi
4300 Tremont St Lynchburg, VA	3.0	1.0	1122	$1,200	$1.07	44d	1	0.68mi
320 Kenyon St Lynchburg, VA	3.0	2.0	1736	$1,595	$0.92	44d	1	0.74mi
2734 Fort Ave Lynchburg, VA	1.0–2.0	1.0–2.0	875	$1,450	$1.66	44d	1	0.84mi
4624 Ferncliff Dr Lynchburg, VA	3.0	2.0	2064	$1,700	$0.82	44d	1	0.85mi
4612 Greenwood Dr Lynchburg, VA	3.0	1.0	1257	$1,595	$1.27	21d	1	0.87mi
403 Grove St Lynchburg, VA	3.0	2.0	1400	$1,600	$1.14	44d	1	0.92mi
630 Park Ln Lynchburg, VA	4.0	1.5	1434	$1,895	$1.32	14d	1	0.94mi
1810 Broadway St #112 Lynchburg, VA	2.0	2.5	1210	$1,600	$1.32	44d	1	0.95mi
1309 Radcliff Ave Lynchburg, VA	4.0	2.5	1658	$1,725	$1.04	44d	1	1.01mi
2245 Landover Pl Lynchburg, VA	1.0–3.0	1.0–1.5	925	$965	$1.04	44d	2	1.05mi
710 Grady St Unit B Lynchburg, VA	2.0	1.0	1872	$795	$0.42	14d	1	1.10mi
2121 Langhorne Rd Unit 11011559SF 3BR/2BA Lynchburg, VA	3.0	2.0	1559	$1,695	$1.09	21d	1	1.11mi
2121 Langhorne Rd Unit 11041092SF 2BR/2BA Lynchburg, VA	2.0	2.0	1092	$1,495	$1.37	21d	1	1.11mi
2121 Langhorne Rd Lynchburg, VA	2.0	2.0	1142	$1,575	$1.38	21d	1	1.13mi
1009 Lindsay St Lynchburg, VA	3.0	2.0	1050	$1,800	$1.71	44d	1	1.15mi
2269 Aragon St Lynchburg, VA	3.0	2.0	1200	$1,695	$1.41	44d	1	1.16mi
209 Munford St Lynchburg, VA	3.0	2.5	1420	$1,497	$1.05	45d	1	1.28mi
1400 Weeping Willow Dr Apt A Lynchburg, VA	1.0–3.0	1.0–2.0	1003	$1,601	$1.60	14d	12	1.32mi
1116 Chestnut Hill Dr Lynchburg, VA	4.0	2.0	1818	$1,895	$1.04	44d	1	1.33mi
1116 Chestnut Hill Dr Lynchburg, VA	4.0	2.0	1818	$2,095	$1.15	14d	1	1.33mi
1401 Kemper St Lynchburg, VA	2.0–3.0	2.0	1118	$1,167	$1.04	21d	6	1.38mi
1705 1st St Unit A Lynchburg, VA	2.0	1.0	1100	$1,395	$1.27	21d	1	1.43mi
2518 Carter St Lynchburg, VA	3.0	2.0	1091	$1,500	$1.37	44d	1	1.47mi

Listing history 19 events

1. 2026-06-19
   days on market $150,000 Active 73 DOM
2. 2026-06-18
   days on market $150,000 Active 72 DOM
3. 2026-06-17
   days on market $150,000 Active 71 DOM
4. 2026-06-16
   days on market $150,000 Active 70 DOM
5. 2026-06-15
   price $150,000 Active 69 DOM
6. 2026-06-15
   days on market $159,900 Active 69 DOM
7. 2026-06-14
   days on market $159,900 Active 67 DOM
8. 2026-06-13
   days on market $159,900 Active 66 DOM
9. 2026-06-10
   days on market $159,900 Active 64 DOM
10. 2026-06-09
    days on market $159,900 Active 63 DOM
11. 2026-06-08
    days on market $159,900 Active 62 DOM
12. 2026-06-07
    days on market $159,900 Active 61 DOM
13. 2026-06-03
    days on market $159,900 Active 57 DOM
14. 2026-06-02
    days on market $159,900 Active 56 DOM
15. 2026-06-01
    days on market $159,900 Active 55 DOM
16. 2026-05-31
    days on market $159,900 Active 54 DOM
17. 2026-05-30
    days on market $159,900 Active 53 DOM
18. 2026-04-07
    listed $159,900 Active 980-char remark

    Show marketing remark (980 chars)

    Classic American Foursquare full of charm and conveniently located near University of Lynchburg! This 3 bedroom, 1 bath home offers timeless character with modern updates including brand new vinyl siding, vinyl replacement windows, new electrical panel, new water line, and a newer hot water heater. Inside you'll find hardwood floors, a large open living room with wood-burning fireplace, formal dining room, and a kitchen with vinyl tile flooring where the refrigerator, stove, and dishwasher all convey. Just off the kitchen is a separate laundry area for added convenience. Upstairs features 3 bedrooms, a full bath, and more hardwood flooring. Relax on the covered front porch or enjoy the back porch and additional rear parking. Home offers a great opportunity to add your own touches and is being sold as is in a location close to shopping, dining, and more. This home needs a little love but a lot of the larger items are done. Will not qualify for an FHA loan. Sold As-Is

19. 1999-09-28
    soldstatus $69,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $1,489 · $124/mo
• Projected year-2 tax: $1,489 · $124/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,351
• − Mortgage interest: −$8,402
• − Property taxes: −$1,489
• − Insurance: −$750
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$4,364
• Taxable income: $1,250
• Est. tax owed @ 24.0%: −$300
• After-tax cash flow: $3,309/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lynchburg City Public School District
• NCES district ID: 5102340
• Math proficiency: 36% ▼ -38.00%
• Reading proficiency: 61% ▼ -8.00%
• Median HH income: $39,097
• Composite: 40.4/100
• National rank: #3730
• State rank: #104 of 131 in VA

Livability — Lynchburg

• Score: 91/100
• State rank: #1
• US rank: #58

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime C- Employment D+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynchburg, VA
• County: Lynchburg City · 97,036 people
• City population: 97,036
• Metro: Lynchburg, VA
• Population (ZIP): 41,979
• Household income: $68,872
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 1774.0

Population outlook (Lynchburg County) Hauer SSP2

• Today (2025): 87,977 people
• By 2030: 93,626 · +6.4%
• By 2040: 106,145 · +20.7%
• By 2050: 120,783 · +37.3%
• By 2075: 162,249 · +84.4%
• By 2100: 191,358 · +117.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Black 19% Two or more races 6% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 6% · Canada, South Korea, United Kingdom
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Lynchburg

• 2024 margin: Lean R (+7.9) · D 45.4% · R 53.3% · Other 1.3%
• 2008→2024 swing: -3.9pp toward R · 2008: -4.0pp · 2024: -7.9pp
• All cycles: 2024: R+7.9 2020: D+2.6 2016: R+9.0 2012: R+10.6 2008: R+4.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -222.79%
• Current HPI: 241.9041
• Rent YoY: ▲ 5.11%
• Metro: Lynchburg, VA
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+130.1% since first listed

2 events — show timeline

• 2026-04-07 Listed $159,900 LMLS
• 1999-09-28 Sold (Public Records) $69,500 Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,489 · +27.0% YoY. Source: county tax records.