1427 Grace StCharlottesvilleVA22902
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1427 Grace St, Charlottesville, VA, 22902 uses $140,888 cash to close to unlock $12,919/yr annual cash flow and $1,077/mo monthly cash flow. Total monthly income runs $3,617/mo, and a $2,080/mo payment keeps the spread at $1,077/mo. Purchase price stands at $425,000, and rental yield measures 10.21% with $3,617/mo rent. Return on cash invested shows 29.08% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 151.75% and total cumulative return in cash records $213,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,617/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1957
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: YVETTE OKROS • AVENUE REALTY, LLC
Mls Name: CAAR
Mls ID: #668876