260 Riverbend Dr APT 3CCharlottesvilleVA22911
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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
Total monthly income runs $1,951/mo, and a $1,434/mo payment. Purchase price stands at $293,000, and rental yield measures 7.99% with $1,951/mo rent. Return on cash invested shows 19.3% in year one, and 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 100.42% and total cumulative return in cash records $97,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,951/mo property income covering a $1,434/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22911, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,736 (100%) |
| Owner Occupied HU | 5,692 (58.5%) |
| Renter Occupied HU | 3,407 (35.0%) |
| Vacant Housing Units | 637 ( 6.5%) |
| Median Home Value | $474,189 |
| Average Home Value | $527,718 |
Housing Distribution
Address Breakdown
Residential
9,534
Single Family
7,230
Multi-Family
2,304
Businesses
736
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Listed by: LUKE COLE • FOUR CORNERS REAL ESTATE SOLUTIONS, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #666150