1217 Chatham RdgCharlottesvilleVA22901
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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 1217 Chatham Rdg, Charlottesville, VA, 22901 uses $105,749 cash to close to unlock $4,637/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,460/mo, and a $1,561/mo payment keeps the spread at $386/mo. Purchase price stands at $319,000, and rental yield measures 9.25% with $2,460/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 126.78% and total cumulative return in cash records $134,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,460/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Townhouse
Built in 1987
4,356 sqft lot
$N/A/sqft
$167 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22901, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,906 (100%) |
| Owner Occupied HU | 8,917 (52.7%) |
| Renter Occupied HU | 6,745 (39.9%) |
| Vacant Housing Units | 1,244 ( 7.4%) |
| Median Home Value | $546,217 |
| Average Home Value | $630,845 |
Housing Distribution
Address Breakdown
Residential
16,845
Single Family
13,820
Multi-Family
3,025
Businesses
1,227
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Listed by: SONJA CASERO • MCLEAN FAULCONER INC., REALTOR
Mls Name: CAAR
Mls Provider:
Mls ID: #668605