778 Doss RdConcordVA24538
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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 778 Doss Rd, Concord, VA, 24538 uses $90,334 cash to close to unlock $3,297/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,904/mo, and a $1,334/mo payment keeps the spread at $275/mo. Purchase price stands at $272,500, and rental yield measures 8.38% with $1,904/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $75,287 over five years. Five-year ROI reaches 122.15% and total cumulative return in cash records $110,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,334/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.41 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: Liz Pino • eXp Realty LLC-Stafford
Mls Name: LMLS
Mls Provider:
Mls ID: #360502
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