213 Meade AveCharlottesvilleVA22902
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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 213 Meade Ave, Charlottesville, VA, 22902 offers $2,347/mo rent that, after a $1,648/mo payment, leaves $308/mo cash flow. Total monthly income is $2,347/mo, and annual cash flow is $3,696/yr on $111,649 cash. Return on cash invested measures 23.22% in year one, and rental yield stands at 8.36% at a $336,800 entry. Equity gained on principal adds $2,173/yr while 5% annual appreciation compounds into $93,052 by year five. Five-year ROI records 120.45% and total cumulative return in cash reaches $134,482. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,347/mo property income versus a $1,648/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,969 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: LORING WOODRIFF • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls Provider:
Mls ID: #667813