310 Dover RdCharlottesvilleVA22901
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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 310 Dover Rd, Charlottesville, VA, 22901 uses $261,555 cash to close to unlock $2,085/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $4,926/mo, and a $3,891/mo payment keeps the spread at $174/mo. Purchase price stands at $795,000, and rental yield measures 7.44% with $4,926/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 107.61% and total cumulative return in cash records $281,470. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,926/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22901, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,906 (100%) |
| Owner Occupied HU | 8,917 (52.7%) |
| Renter Occupied HU | 6,745 (39.9%) |
| Vacant Housing Units | 1,244 ( 7.4%) |
| Median Home Value | $546,217 |
| Average Home Value | $630,845 |
Housing Distribution
Address Breakdown
Residential
16,845
Single Family
13,820
Multi-Family
3,025
Businesses
1,227
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Listed by: TOMMY BRANNOCK • REAL BROKER, LLC
Mls Name: CAAR
Mls ID: #672493