1608 Monticello RdCharlottesvilleVA22902
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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 1608 Monticello Rd, Charlottesville, VA, 22902 earns from $2,248/mo rent with a $2,437/mo payment. Total monthly income totals $2,248/mo. ROI tracks 14.61% on current figures, and rental yield reads 5.42% at a $498,000 purchase. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 over five years. Five-year ROI reaches 74.17% and total cumulative return in cash sums $122,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,248/mo property income instead of your personal income.
Single Family
Built in 1955
6,534 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
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Listed by: Norman Domingo • XRealty.NET LLC
Mls Name: HRAR
Mls ID: #657600
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.