511 1st St N APT 609CharlottesvilleVA22902
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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 511 1st St N APT 609, Charlottesville, VA, 22902 earns from $1,969/mo rent with a $1,322/mo payment. Total monthly income totals $1,969/mo. ROI tracks 18.35% on current figures, and rental yield reads 8.75% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 96.49% and total cumulative return in cash sums $86,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,969/mo property income instead of your personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$440 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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Listed by: DANNY HUGUS • THE HOGAN GROUP-CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #664595