3288 Hardware River RdCharlottesvilleVA22903
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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
Total monthly income runs $10,396/mo, and a $9,544/mo payment. Purchase price stands at $1,950,000, and rental yield measures 6.4% with $10,396/mo rent. Return on cash invested shows 17.75% in year one, and 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 90.95% and total cumulative return in cash records $574,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,396/mo property income covering a $9,544/mo payment rather than investor’s personal income.
Single Family
Built in 2016
5.10 Acres lot
$N/A/sqft
$120 monthly 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: JULIE BALLARD • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #665702