499 Paradise Hill 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 499 Paradise Hill Dr, Concord, VA, 24538 with 5% annual appreciation on a $205,000 basis while $1,379/mo rent supports operations. Total monthly income totals $1,379/mo and a $1,003/mo payment preserves $154/mo for cash returns. Annual cash flow comes to $1,847/yr on $67,958 deployed, and return on cash invested reaches 22.63% in year one. Equity gained on principal adds $1,323/yr, and five-year appreciation sums $56,638 alongside rental yield of 8.07%. Five-year ROI measures 117.12% and total cumulative return in cash totals $79,590.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,379/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1981
6.01 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: Sandra Leah Wright • Key to Your Heart Realty
Mls Name: LMLS
Mls Provider:
Mls ID: #353348
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.