1114 Knight St · Lynchburg, VA 24504

$1

3 bd · 1.0 ba · 1,107 sqft · SingleFamily public records · 3 Days on market

Built 1900 5,227 sqft lot

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.5/5.0
• Schools +4.0/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cute bungalow features a newer roof, durable vinyl siding, and replacement windows. Offering flexibility with three bedrooms, you can easily convert the front bedroom into a dining room to suit your needs. The open living and kitchen areas create a welcoming atmosphere, with the kitchen boasting ceramic tiled flooring, a range, and a refrigerator. The primary bedroom includes a private bath and a walk-in closet. A full guest bath off the hallway is is in need of being renovated. Enjoy relaxing on the cozy front porch and the nice yard.

Key facts

• 5,227 sq ft lot
• Built 1900
• Listed 3 days

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer
• Home design: Single-family residential; Residential zoning
• Construction: Vinyl siding
• Exterior features: Front porch; Shingle roof

Interior

• Kitchen:
• Bedrooms:
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Electric water heater; Vinyl flooring; Crawl space basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).
• Cap rate 1288320.5% 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.
• Zoned schools: Sandusky Elementary (math 47% / reading 67%, grade C+, #597 of 1,108 statewide, top 57%, 352 students, 91% FRL); Sandusky Middle (math 29% / reading 52%, grade F, #303 of 342 statewide, top 89%, 568 students, 96% FRL); Heritage High (math 32% / reading 77%, grade C-, #281 of 319 statewide, top 90%, 1,073 students, 94% FRL) — zoned schools average 94% FRL vs 61% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.6%/yr); 105 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 472 units permitted in Lynchburg city in 2024 (240 in 5+ unit buildings).
• This rent runs 31% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 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 + 4.6% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $1

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 135899.00% ✓
• Cap rate: 1288320.52%
• Cash-on-cash: 4601122.24%
• DSCR: 204725.05
• GRM: 0.0

CMA / ARV

• ARV (on-the-fly): $138,375
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1114 Knight St	0.00mi	3/2.0	1,085 (-2%)	0mo	$43,600	$40	92
1930 Vine Street St	0.25mi	3/2.0	1,110 (+0%)	6mo	$112,000	$101	79
1417 Floyd St	0.35mi	3/2.0	1,120 (+1%)	1mo	$203,500	$182	77
2013 Poplar St	0.27mi	3/2.5	1,040 (-6%)	4mo	$176,000	$169	68
1418 Wise St	0.31mi	2/1.0 (-1)	1,024 (-8%)	6mo	$141,000	$138	63
129 Jubilee Dr	0.66mi	4/1.0 (+1)	1,108 (+0%)	5mo	$117,000	$106	60
1310 9th St St	0.69mi	3/1.5	1,138 (+3%)	2mo	$185,000	$163	60
1725 Otey St	0.45mi	3/1.0	961 (-13%)	4mo	$120,000	$125	53
2228 High St	0.44mi	2/1.0 (-1)	1,233 (+11%)	2mo	$21,500	$17	53
811 Polk St	0.73mi	4/1.0 (+1)	1,036 (-6%)	2mo	$149,000	$144	48
1658 Edmunds St	0.45mi	2/2.0 (-1)	961 (-13%)	0mo	$103,000	$107	48
817 Polk St	0.72mi	2/1.0 (-1)	979 (-12%)	2mo	$105,000	$107	40

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 · 4.56% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 252016.45×
• Total profit: $70,564
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 566977.13×
• Total profit: $158,753
• Equity at exit: $0

Cash invested: $0 (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 24504

• Home prices YoY: -12.7%
• Rents YoY: 4.6%
• Active inventory: 105

Monthly cashflow live

• Estimated rent: $1,359 high
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $1,074

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

Sensitivity live

Price	-10% $1,074	-5% $1,074	+0% $1,074	+5% $1,074	+10% $1,074
Rent	-10% $966	-5% $1,020	+0% $1,074	+5% $1,127	+10% $1,181
Rate	-1.0pp $1,074	-0.5pp $1,074	base $1,074	+0.5pp $1,074	+1.0pp $1,074

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1521 Taylor St Lynchburg, VA	3.0	1.0	1337	$1,195	$0.89	22d	1	0.25mi
1308 16th St Lynchburg, VA	3.0	2.0	1380	$1,800	$1.30	14d	1	0.25mi
1810 Laurel St Lynchburg, VA	2.0	1.0	720	$995	$1.38	44d	1	0.26mi
1415 Floyd St Lynchburg, VA	3.0	2.0	1300	$1,800	$1.38	22d	1	0.38mi
1219 Pierce St Unit 1221 Lynchburg, VA	2.0	1.0	1168	$825	$0.71	14d	1	0.55mi
1500 Main St Lynchburg, VA	1.0–2.0	1.0	1182	$1,600	$1.35	14d	6	0.60mi
1105 Fillmore St Unit B Lynchburg, VA	3.0	1.0	1300	$1,250	$0.96	44d	1	0.61mi
1106 Pierce St Lynchburg, VA	3.0	2.0	1018	$875	$0.86	22d	1	0.62mi
1401 Kemper St Lynchburg, VA	2.0–3.0	2.0	1118	$1,167	$1.04	22d	6	0.62mi
900 Polk St Unit A Lynchburg, VA	3.0	1.0	1100	$895	$0.81	14d	1	0.70mi
1008 8th St Lynchburg, VA	3.0	2.0	1316	$1,795	$1.36	22d	1	0.77mi
2269 Aragon St Lynchburg, VA	3.0	2.0	1200	$1,695	$1.41	44d	1	0.84mi
2336 Aragon St Lynchburg, VA	2.0	1.0	1042	$995	$0.95	14d	1	0.86mi
2205 Easley Ave Lynchburg, VA	2.0	2.0	870	$1,400	$1.61	44d	1	0.89mi
801 Church St Unit 8 Lynchburg, VA	2.0	2.0	875	$1,850	$2.11	14d	1	0.90mi
2518 Carter St Lynchburg, VA	3.0	2.0	1091	$1,500	$1.37	44d	1	0.90mi
601 Jackson St Lynchburg, VA	3.0	2.0	1138	$1,595	$1.40	44d	1	0.90mi
512 Polk St Lynchburg, VA	3.0	1.0	1340	$1,295	$0.97	22d	1	0.95mi
1625 Shaffer St Lynchburg, VA	2.0	1.0	895	$850	$0.95	44d	1	1.00mi
2107 Park Ave Unit 4 Lynchburg, VA	2.0	1.0	800	$785	$0.98	14d	1	1.06mi
612 Commerce St Lynchburg, VA	1.0–2.0	1.0–2.0	716	$1,250	$1.74	14d	2	1.07mi
317 Polk St Lynchburg, VA	3.0	2.0	925	$1,650	$1.78	44d	1	1.08mi
403 Grove St Lynchburg, VA	3.0	2.0	1400	$1,600	$1.14	44d	1	1.10mi
2021 Rose Ln Lynchburg, VA	2.0	1.0	836	$1,095	$1.31	22d	1	1.11mi
2734 Fort Ave Lynchburg, VA	1.0–2.0	1.0–2.0	875	$1,450	$1.66	44d	1	1.13mi
317 Grove St Unit A Lynchburg, VA	2.0	1.0	900	$895	$0.99	44d	1	1.13mi
318 Wadsworth St Lynchburg, VA	3.0	1.0	943	$995	$1.06	22d	1	1.15mi
905 Centerdale St Lynchburg, VA	2.0	1.0	780	$895	$1.15	14d	1	1.19mi
630 Park Ln Lynchburg, VA	4.0	1.5	1434	$1,895	$1.32	14d	1	1.21mi
2210 Haden St Lynchburg, VA	2.0	1.0	784	$1,050	$1.34	44d	1	1.28mi
209 Munford St Lynchburg, VA	3.0	2.5	1420	$1,497	$1.05	45d	1	1.29mi
216 Kenyon St Lynchburg, VA	2.0	1.0	1114	$995	$0.89	44d	1	1.32mi
1705 1st St Unit A Lynchburg, VA	2.0	1.0	1100	$1,395	$1.27	22d	1	1.32mi
2205 Mayflower Dr Lynchburg, VA	3.0	1.0	1500	$1,450	$0.97	22d	1	1.38mi

Listing history 11 events

1. 2026-05-11
   status Pending
2. 2026-05-08
   listed $1 Active
3. 2025-03-24
   soldstatus $115,000
4. 2025-03-21
   soldstatus $115,000 Closed 546-char remark

   Show marketing remark (546 chars)

   This cute bungalow features a newer roof, durable vinyl siding, and replacement windows. Offering flexibility with three bedrooms, you can easily convert the front bedroom into a dining room to suit your needs. The open living and kitchen areas create a welcoming atmosphere, with the kitchen boasting ceramic tiled flooring, a range, and a refrigerator. The primary bedroom includes a private bath and a walk-in closet. A full guest bath off the hallway is is in need of being renovated. Enjoy relaxing on the cozy front porch and the nice yard.

5. 2025-03-02
   status Pending 546-char remark

   Show marketing remark (546 chars)

   This cute bungalow features a newer roof, durable vinyl siding, and replacement windows. Offering flexibility with three bedrooms, you can easily convert the front bedroom into a dining room to suit your needs. The open living and kitchen areas create a welcoming atmosphere, with the kitchen boasting ceramic tiled flooring, a range, and a refrigerator. The primary bedroom includes a private bath and a walk-in closet. A full guest bath off the hallway is is in need of being renovated. Enjoy relaxing on the cozy front porch and the nice yard.

6. 2025-01-05
   status Active 546-char remark

   Show marketing remark (546 chars)

   This cute bungalow features a newer roof, durable vinyl siding, and replacement windows. Offering flexibility with three bedrooms, you can easily convert the front bedroom into a dining room to suit your needs. The open living and kitchen areas create a welcoming atmosphere, with the kitchen boasting ceramic tiled flooring, a range, and a refrigerator. The primary bedroom includes a private bath and a walk-in closet. A full guest bath off the hallway is is in need of being renovated. Enjoy relaxing on the cozy front porch and the nice yard.

7. 2024-06-17
   listed $129,900 Active 546-char remark

   Show marketing remark (546 chars)

   This cute bungalow features a newer roof, durable vinyl siding, and replacement windows. Offering flexibility with three bedrooms, you can easily convert the front bedroom into a dining room to suit your needs. The open living and kitchen areas create a welcoming atmosphere, with the kitchen boasting ceramic tiled flooring, a range, and a refrigerator. The primary bedroom includes a private bath and a walk-in closet. A full guest bath off the hallway is is in need of being renovated. Enjoy relaxing on the cozy front porch and the nice yard.

8. 2023-08-28
   status Active
9. 2023-08-11
   historical
10. 2023-04-14
    listed $129,900 Active
11. 2008-06-20
    soldstatus $6,800

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

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 ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $16,308
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,305
• − Management: −$1,305
• − Depreciation: −$0
• Taxable income: $13,699
• Est. tax owed @ 24.0%: −$3,288
• After-tax cash flow: $9,595/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): 9,632
• Household income: $52,571
• Rent vs Own: 46.4% rent · 53.6% own
• Severe rent burden: 552.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 51% Black 40% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Italian 3% Lithuanian 1% Serbian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 95% English-only · Spanish 3% Chinese 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: ▼ -33.39%
• Current HPI: 229.4423
• Rent YoY: ▲ 4.56%
• 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

+1591.2% since first listed

11 events — show timeline

• 2026-05-11 Pending — RHR
• 2026-05-08 Listed $1 RHR
• 2025-03-24 Sold (Public Records) $115,000 Public Records
• 2025-03-21 Sold (MLS) $115,000 LMLS
• 2025-03-02 Pending — LMLS
• 2025-01-05 Relisted — LMLS
• 2024-06-17 Listed $129,900 LMLS
• 2023-08-28 Relisted — LMLS
• 2023-08-11 Delisted — LMLS
• 2023-04-14 Listed $129,900 LMLS
• 2008-06-20 Sold (Public Records) $6,800 Public Records

Property tax history

+20.7%/yr

Latest (2025): $953 · +36.6% YoY. Source: county tax records.