1228 Clover Ridge PlCharlottesvilleVA22901
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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
Rental property for sale in Charlottesville at 1228 Clover Ridge Pl, Charlottesville, VA, 22901 generates $2,773/mo in rent and, after a $1,933/mo payment, leaves $323/mo in cash flow. Total monthly income is $2,773/mo, and annual cash flow is $3,877/yr on $130,943 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 8.42% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 118.77% and total cumulative return in cash sums $155,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,773/mo property income rather than buyer’s personal income.
Townhouse
Built in 1999
7,405 sqft lot
$N/A/sqft
$267 quarterly 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: Sasha Tripp • STORY HOUSE REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #662726
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.