401 Riverside AveCharlottesvilleVA22902
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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 401 Riverside Ave, Charlottesville, VA, 22902 with 5% annual appreciation on a $285,000 basis while $2,663/mo rent supports operations. Total monthly income totals $2,663/mo and a $1,395/mo payment preserves $925/mo for cash returns. Annual cash flow comes to $11,103/yr on $94,478 deployed, and return on cash invested reaches 31.66% in year one. Equity gained on principal adds $1,839/yr, and five-year appreciation sums $78,740 alongside rental yield of 11.21%. Five-year ROI measures 165.79% and total cumulative return in cash totals $156,630.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,663/mo property income versus a $1,395/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,194
Single Family
9,644
Multi-Family
1,550
Businesses
1,901
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Listed by: INESSA TELEFUS • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #672143