408 Market St ECharlottesvilleVA22902
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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 408 Market St E, Charlottesville, VA, 22902 priced at $701,800 converts $4,000/mo rent into after a $3,435/mo obligation. Total monthly income equals $4,000/mo. Return on cash invested prints 15.63% in year one, and rental yield reads 6.84% against a $701,800 entry. Equity gained on principal adds $4,529/yr, while 5% annual appreciation compiles into $193,894 by year five. Five-year ROI reaches 80.8% and total cumulative return in cash sums $186,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,000/mo property income covering a $3,435/mo payment, not borrower’s personal income.
Condo
Built in 1987
0.35 Acres lot
$N/A/sqft
$658 monthly 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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