213 Turkey Ridge RdCharlottesvilleVA22903
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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 Turkey Ridge Rd, Charlottesville, VA, 22903 offers $3,372/mo rent that, after a $2,731/mo payment, leaves $37/mo cash flow. Total monthly income is $3,372/mo, and annual cash flow is $438/yr on $183,582 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 7.25% at a $558,000 entry. Equity gained on principal adds $3,601/yr while 5% annual appreciation compounds into $154,165 by year five. Five-year ROI records 104.63% and total cumulative return in cash reaches $192,073. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,372/mo property income versus a $2,731/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22903, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,943 (100%) |
| Owner Occupied HU | 7,004 (37.0%) |
| Renter Occupied HU | 10,256 (54.1%) |
| Vacant Housing Units | 1,683 ( 8.9%) |
| Median Home Value | $603,432 |
| Average Home Value | $711,730 |
Housing Distribution
Address Breakdown
Residential
18,660
Single Family
13,524
Multi-Family
5,136
Businesses
1,241
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Listed by: MONROE ALLEN • FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY
Mls Name: CAAR
Mls ID: #668114