513 Avon StCharlottesvilleVA22902
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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 513 Avon St, Charlottesville, VA, 22902 priced at $822,000 pairs $3,311/mo rent with after a $4,023/mo payment. Total monthly income equals $3,311/mo. Return on cash invested is 12.91% in year one, and rental yield stands at 4.83% on a $822,000 basis. Equity gained on principal adds $5,304/yr, and 5% annual appreciation accumulates to $227,103 by year five. Five-year ROI measures 65.01% and total cumulative return in cash reaches $175,815. For financing, Ziffy Mortgage’s DSCR program evaluates $3,311/mo property income against a $4,023/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3,484 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: KELLY CEPPA • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #664137