233 View LnConcordVA24538
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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
Rental property for sale in Concord at 233 View Ln, Concord, VA, 24538 priced at $299,000 converts $2,398/mo rent into $611/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,398/mo, and annual cash flow totals $7,333/yr on $99,119 invested. Return on cash invested prints 27.31% in year one, and rental yield reads 9.62% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 142.29% and total cumulative return in cash sums $141,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,398/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2007
1.33 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
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