3018 Horizon Rd, Charlottesville, VA, 22902 | 6.89% Rental Yield

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Price: $300K - 500K

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3018 Horizon Rd, Charlottesville, VA, 22902 | 6.89% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Charlottesville at 3018 Horizon Rd, Charlottesville, VA, 22902 offers $3,243/mo rent that, after a $2,765/mo payment. Total monthly income is $3,243/mo. Return on cash invested measures 18.78% in year one, and rental yield stands at 6.89% at a $564,900 entry. Equity gained on principal adds $3,645/yr while 5% annual appreciation compounds into $156,071 by year five. Five-year ROI records 96.63% and total cumulative return in cash reaches $179,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,243/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2023

5,227 sqft lot

$N/A/sqft

$65 monthly HOA

More details about the property

Kenridge Model Home Now Available in Southwood Charlottesville New Construction by Atlantic Builders Dont miss this rare opportunity to own the beautifully designed Kenridge Model Home in the desirable Southwood community in Charlottesville. Built by Atlantic Builders, this thoughtfully crafted home features an open-concept layout with Luxury Vinyl Plank flooring on the main level, a gourmet kitchen with granite countertops, and professionally selected finishes throughout. As a former model, it includes premium upgrades and a rear deck perfect for outdoor entertaining. Located in a vibrant new neighborhood, Southwood offers convenience, charm, and exceptional value. Schedule your private tour today and make this model home yours! Ask about our incentive programs.

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