403 Riverside AveCharlottesvilleVA22902
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 403 Riverside Ave, Charlottesville, VA, 22902 offers $2,659/mo rent that, after a $1,419/mo payment, leaves $926/mo cash flow. Total monthly income is $2,659/mo, and annual cash flow is $11,111/yr on $96,102 cash. Return on cash invested measures 31.47% in year one, and rental yield stands at 11.01% at a $289,900 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,094 by year five. Five-year ROI records 164.55% and total cumulative return in cash reaches $158,133. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,659/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1994
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LAURIE FALK • THE HOGAN GROUP-CHARLOTTESVILLE
Mls Name: CAAR
Mls ID: #672275