218 W Water St #705CharlottesvilleVA22902
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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 218 W Water St #705, Charlottesville, VA, 22902 listed at $1,850,000 pairs $6,738/mo rent with a $9,055/mo payment. Total monthly income runs $6,738/mo. Return on cash invested measures 11.02% in year one, and rental yield registers 4.37% at a $1,850,000 basis. Equity gained on principal adds $11,938/yr, and annual property appreciation at 5% supports $511,121 by year five. Five-year ROI tracks 55.06% and total cumulative return in cash totals $330,001. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,738/mo property income relative to a $9,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2013
N/A lot
$N/A/sqft
$348 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: Rich Walker • LONG & FOSTER - CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #662795
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.