Concord Plan, Harpers Mill : Estate CollectionChesterfieldVA23832
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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
Rental property for sale in Chesterfield at Concord Plan, Harpers Mill: Estate Collection, Chesterfield, VA, 23832 priced at $604,990 converts $4,511/mo rent into $895/mo cash flow after a $2,961/mo obligation. Total monthly income equals $4,511/mo, and annual cash flow totals $10,735/yr on $199,042 invested. Return on cash invested prints 25.45% in year one, and rental yield reads 8.95% against a $604,990 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation compiles into $167,148 by year five. Five-year ROI reaches 132.26% and total cumulative return in cash sums $263,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,511/mo property income covering a $2,961/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23832, Chesterfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,674 (100%) |
| Owner Occupied HU | 12,960 (82.7%) |
| Renter Occupied HU | 2,359 (15.1%) |
| Vacant Housing Units | 355 ( 2.3%) |
| Median Home Value | $387,676 |
| Average Home Value | $419,762 |
Housing Distribution
Address Breakdown
Residential
15,761
Single Family
15,409
Multi-Family
352
Businesses
844
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A