624 Mud StConcordVA24538
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
Rental property for sale in Concord at 624 Mud St, Concord, VA, 24538 priced at $234,900 converts $1,670/mo rent into $266/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,670/mo, and annual cash flow totals $3,186/yr on $77,869 invested. Return on cash invested prints 24% in year one, and rental yield reads 8.53% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 124.53% and total cumulative return in cash sums $96,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,670/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
1.85 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
Listed by: Courtney Iazzi • Mark A. Dalton & Co., Inc.
Mls Name: LMLS
Mls Provider:
Mls ID: #352802
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.