500 Ridge StCharlottesvilleVA22902
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
Investment property for sale in Charlottesville at 500 Ridge St, Charlottesville, VA, 22902 with 5% annual appreciation on a $314,000 basis while $2,148/mo rent supports operations. Total monthly income totals $2,148/mo and a $1,537/mo payment preserves $271/mo for cash returns. Annual cash flow comes to $3,250/yr on $104,091 deployed, and return on cash invested reaches 23.03% in year one. Equity gained on principal adds $2,026/yr, and five-year appreciation sums $86,752 alongside rental yield of 8.21%. Five-year ROI measures 119.31% and total cumulative return in cash totals $124,191.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,148/mo property income versus a $1,537/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
8,276 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: Gordon Cowan • Weichert Realtors Nancy Beahm Real Estate
Mls Name: CAAR
Mls ID: #664321