276 Crescent DrConcordVA24538
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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
Investment property for sale in Concord at 276 Crescent Dr, Concord, VA, 24538 at $499,900 posts ROI 19.41% with from $2,920/mo rent. Total monthly income equals $2,920/mo. Return on cash invested measures 19.41% and rental yield reads 7.01% at the current $499,900. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 by year five. Five-year ROI prints 99.91% and total cumulative return in cash totals $165,564. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,920/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
25 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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Listed by: Ann P. Nolen • Jim Nolen Real Estate
Mls Name: LMLS
Mls Provider:
Mls ID: #352677
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.