1407 Florence Rd, Charlottesville, VA, 22902 | $807/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1407 Florence Rd, Charlottesville, VA, 22902 | $807/mo Cash Flow | 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 1407 Florence Rd, Charlottesville, VA, 22902 uses $124,313 cash to close to unlock $9,681/yr annual cash flow and $807/mo monthly cash flow. Total monthly income runs $3,048/mo, and a $1,835/mo payment keeps the spread at $807/mo. Purchase price stands at $375,000, and rental yield measures 9.75% with $3,048/mo rent. Return on cash invested shows 27.7% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 144.33% and total cumulative return in cash records $179,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Single Family

Built in 1961

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

New price!! Come see this charming home today. Move in ready! COMPLETELY renovated 1960s cottage with a mountain view from the front porch. Minutes to Rives Park, downtown Charlottesville, Martha Jefferson hospital, UVA Medical center and more! All new installs including appliances, heat pump, electrical wiring, windows, roof, plumbing and insulation. This adorable cottage boasts original pine floors in the common areas, newer oak floors in the bedrooms, original brick accent wall, two bedrooms and two full baths. The kitchen features painted wood cabinets, under-cabinet lighting, new stainless appliances, and butcher block counter tops. The primary suite features access to the new rear deck, two closets, a remodeled ensuite bathroom with sliding barn door, and beautiful tiled, frameless glass shower. Second bedroom and remodeled full bathroom too. This home includes remote controlled ceiling fans in both bedrooms, multiple off-street parking spots, partially fenced back yard, new back deck and bricked front walk/patio. Large shed for storage in the rear yard too! This home is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22902, Charlottesville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,851 (100%)
Owner Occupied HU	5,576 (51.4%)
Renter Occupied HU	4,480 (41.3%)
Vacant Housing Units	795 ( 7.3%)
Median Home Value	$451,661
Average Home Value	$580,194