1393 Stonewall RdConcordVA24538
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
Total monthly income runs $2,831/mo, and a $2,398/mo payment. Purchase price stands at $489,900, and rental yield measures 6.93% with $2,831/mo rent. Return on cash invested shows 19.19% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 98.71% and total cumulative return in cash records $160,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,831/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24538, Concord, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,694 (78.5%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 171 ( 7.9%) |
| Median Home Value | $245,186 |
| Average Home Value | $276,281 |
Housing Distribution
Address Breakdown
Residential
1,929
Single Family
1,929
Multi-Family
0
Businesses
119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices