516 Rives 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
Investment property for sale in Charlottesville at 516 Rives St, Charlottesville, VA, 22902 offers a 7.95% rental yield on a $425,000 purchase with $2,815/mo rent. Total monthly income registers $2,815/mo, and a $2,080/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,295/yr on $140,888 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 115.11% and total cumulative return in cash at $162,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,815/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2014
871.20 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: EDDIE KAROLIUSSEN • FOUR CORNERS REAL ESTATE SOLUTIONS, LLC
Mls Name: CAAR
Mls ID: #668182