3042 Horizon Rd, Charlottesville, VA, 22902 | $332/mo Cash Flow

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3042 Horizon Rd, Charlottesville, VA, 22902 | $332/mo Cash Flow | Ziffy

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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

Investment property for sale in Charlottesville at 3042 Horizon Rd, Charlottesville, VA, 22902 earns $332/mo cash flow from $3,236/mo rent with a $2,312/mo payment. Total monthly income totals $3,236/mo, and annual cash flow totals $3,984/yr on $156,567 capital. ROI tracks 22.45% on current figures, and rental yield reads 8.22% at a $472,300 purchase. Equity gained on principal adds $3,048/yr, and 5% annual appreciation supports $130,488 over five years. Five-year ROI reaches 116.41% and total cumulative return in cash sums $182,267. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,236/mo property income instead of your personal income.

Townhouse

Built in 2023

5,227 sqft lot

$N/A/sqft

$65 monthly HOA

More details about the property

Ask about the Great Rate-Buy Down Event and how to take advantage of our new financing incentive with 3% less than current market rates!* IT'S TIME....NOW SELLING! IMMEDIATE MOVE-IN! This Kenridge home design on Homesite 143 in Southwood in Charlottesville. It includes the Classic Design Collection, including Luxury Vinyl Plank on the main level, Quartz Countertops in the Kitchen, and much more in the interior in addition to outdoor entertaining space with a rear deck. Schedule your appointment today. Ask about our creative financing packages tailored to your needs, including Interest Rate Buy Down, Rate Lock, or additional Closing Cost Assistance.

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