1642 Hathaway 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
Rental property for sale in Charlottesville at 1642 Hathaway St, Charlottesville, VA, 22902 offers $2,994/mo rent that, after a $2,203/mo payment, leaves $192/mo cash flow. Total monthly income is $2,994/mo, and annual cash flow is $2,298/yr on $149,175 cash. Return on cash invested measures 21.45% in year one, and rental yield stands at 7.98% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 111.17% and total cumulative return in cash reaches $165,834. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,994/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2007
2,178 sqft lot
$N/A/sqft
$106 monthly 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: Voe Montgomery • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #662761
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.