8619 Spring Mill 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 8619 Spring Mill Rd, Concord, VA, 24538 earns $429/mo cash flow from $1,714/mo rent with a $1,052/mo payment. Total monthly income totals $1,714/mo, and annual cash flow totals $5,149/yr on $71,273 capital. ROI tracks 27.13% on current figures, and rental yield reads 9.57% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 141.36% and total cumulative return in cash sums $100,753. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,714/mo property income instead of your personal income.
Single Family
Built in 1997
1.73 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: Kimberly Ernst Goff • Alliance Realty Group
Mls Name: LMLS
Mls Provider:
Mls ID: #360863
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.