2731 McElroy DrCharlottesvilleVA22903
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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 2731 McElroy Dr, Charlottesville, VA, 22903 earns $1,247/mo cash flow from $4,386/mo rent with a $2,570/mo payment. Total monthly income totals $4,386/mo, and annual cash flow totals $14,967/yr on $172,725 capital. ROI tracks 28.73% on current figures, and rental yield reads 10.03% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 149.83% and total cumulative return in cash sums $258,789. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,386/mo property income instead of your personal income.
Single Family
Built in 1961
0.27 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: Stephanie Rorrer • CORE REAL ESTATE PARTNERS LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #656815
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.