1104 Forest Hills Ave, Charlottesville, VA, 22903 | 5.92% Rental Yield

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1104 Forest Hills Ave, Charlottesville, VA, 22903 | 5.92% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlottesville at 1104 Forest Hills Ave, Charlottesville, VA, 22903 offers a 5.92% rental yield on a $415,000 purchase with $2,046/mo rent. 12% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 82.25% and total cumulative return in cash at $113,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,046/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1959

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Renovated and move-in ready, this charming city home blends modern updates with thoughtful design. The remodeled kitchen is the centerpiece of the open concept living area and features new cabinetry, quartz countertops, and stainless steel appliances. A spa-like full bath and two bedrooms with hardwood floors complete the first floor. The second story has been enhanced to capture additional square footage in the form of two bedrooms that could also serve as play or office space. The basement provides excellent potential for more finished living area and/or a future bathroom. Less than a block from Forest Hills Park and the new Charlottesville Middle School campus, this home offers easy access to downtown, UVA grounds, the medical center and all the best of city living. Dont miss the opportunity to own this beautifully updated home in a prime location!

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