1116 Marion DrCharlottesvilleVA22903
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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 Charlottesville at 1116 Marion Dr, Charlottesville, VA, 22903 earns from $3,670/mo rent with a $6,485/mo payment. Total monthly income totals $3,670/mo. ROI tracks 8.49% on current figures, and rental yield reads 3.32% at a $1,325,000 purchase. Equity gained on principal adds $8,550/yr, and 5% annual appreciation supports $366,073 over five years. Five-year ROI reaches 41.22% and total cumulative return in cash sums $176,944. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,670/mo property income instead of your personal income.
Single Family
Built in 1997
10,018 sqft 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
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Listed by: COURT NEXSEN • MCLEAN FAULCONER INC., REALTOR
Mls Name: CAAR
Mls ID: #672938