311 Ednam 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
Rental property for sale in Charlottesville at 311 Ednam Dr, Charlottesville, VA, 22903 priced at $1,900,000 converts $6,496/mo rent into after a $9,300/mo obligation. Total monthly income equals $6,496/mo. Return on cash invested prints 10.89% in year one, and rental yield reads 4.1% against a $1,900,000 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation compiles into $524,935 by year five. Five-year ROI reaches 54.1% and total cumulative return in cash sums $333,051. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,496/mo property income covering a $9,300/mo payment, not borrower’s personal income.
Single Family
Built in 1966
1.57 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: LORING WOODRIFF • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls Provider:
Mls ID: #664503