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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Concord at 17 Phoebe Pond Rd, Concord, VA, 24538 listed at $289,900 pairs $2,061/mo rent with a $1,419/mo payment to leave $328/mo cash flow. Total monthly income runs $2,061/mo, and annual cash flow reaches $3,935/yr on $96,102 cash to close. Return on cash invested measures 24% in year one, and rental yield registers 8.53% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 124.51% and total cumulative return in cash totals $119,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,061/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
1.91 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24538, Concord, VA area.
| 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 |
Residential
1,929
Single Family
1,929
Multi-Family
0
Businesses
119
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Price change | $289,900 |
| 2024-08-23 | Price change | $294,900 |
| 2024-08-16 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-18 | $786.76 | N/A | $151,300 | N/A |
| 2021-10-18 | $786.76 | N/A | N/A | N/A |
| 2020-10-18 | N/A | N/A | N/A | N/A |
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Listed by: Caitlyn Enoch • Blackwater Property Management
Mls Name: LMLS
Mls Provider:
Mls ID: #354130
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
