562 Cleveland AveCharlottesvilleVA22903
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
Rental property for sale in Charlottesville at 562 Cleveland Ave, Charlottesville, VA, 22903 priced at $350,000 pairs $2,862/mo rent with $770/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,862/mo, and annual cash flow comes to $9,238/yr on $116,025 invested. Return on cash invested is 27.87% in year one, and rental yield stands at 9.81% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 145.25% and total cumulative return in cash reaches $168,530. For financing, Ziffy Mortgage’s DSCR program evaluates $2,862/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2008
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22903, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,943 (100%) |
| Owner Occupied HU | 7,004 (37.0%) |
| Renter Occupied HU | 10,256 (54.1%) |
| Vacant Housing Units | 1,683 ( 8.9%) |
| Median Home Value | $603,432 |
| Average Home Value | $711,730 |
Housing Distribution
Address Breakdown
Residential
18,660
Single Family
13,524
Multi-Family
5,136
Businesses
1,241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LISA K CAMPBELL • YES REALTY PARTNERS
Mls Name: CAAR
Mls ID: #668721