1216 Grove StCharlottesvilleVA22903
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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 1216 Grove St, Charlottesville, VA, 22903 at $308,500 posts ROI 24.31% with $375/mo cash flow from $2,219/mo rent. Total monthly income equals $2,219/mo, and annual cash flow records $4,497/yr on $102,268 to close. Return on cash invested measures 24.31% and rental yield reads 8.63% at the current $308,500. Equity gained on principal adds $1,991/yr, and 5% annual appreciation supports $85,233 by year five. Five-year ROI prints 126.14% and total cumulative return in cash totals $129,005.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,219/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1996
3,615 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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