1411 Chesapeake StCharlottesvilleVA22902
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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 1411 Chesapeake St, Charlottesville, VA, 22902 offers a 9.38% rental yield on a $515,000 purchase with $4,025/mo rent. Total monthly income registers $4,025/mo, and a $2,521/mo payment leaves $686/mo available for distribution. Annual cash flow reaches $8,227/yr on $169,435 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 130.06% and total cumulative return in cash at $220,369. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,025/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.34 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,194
Single Family
9,644
Multi-Family
1,550
Businesses
1,901
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Listed by: AARON HOWELL • STORY HOUSE REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #666885