107 Elkhorn RdCharlottesvilleVA22903
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
Investment property for sale in Charlottesville at 107 Elkhorn Rd, Charlottesville, VA, 22903 with 5% annual appreciation on a $545,000 basis while $3,361/mo rent supports operations. Total monthly income totals $3,361/mo and a $2,668/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,231/yr on $179,305 deployed, and return on cash invested reaches 20.75% in year one. Equity gained on principal adds $3,517/yr, and five-year appreciation sums $150,573 alongside rental yield of 7.4%. Five-year ROI measures 107.03% and total cumulative return in cash totals $191,904.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,361/mo property income versus a $2,668/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22903, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,943 (100%) |
| Owner Occupied HU | 7,004 (37.0%) |
| Renter Occupied HU | 10,256 (54.1%) |
| Vacant Housing Units | 1,683 ( 8.9%) |
| Median Home Value | $603,432 |
| Average Home Value | $711,730 |
Housing Distribution
Address Breakdown
Residential
18,660
Single Family
13,524
Multi-Family
5,136
Businesses
1,241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DONNA GOINGS • DONNA GOINGS REAL ESTATE LLC
Mls Name: CAAR
Mls ID: #670497