609 Bailey RdCharlottesvilleVA22903
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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 609 Bailey Rd, Charlottesville, VA, 22903 listed at $320,000 pairs $2,185/mo rent with a $1,566/mo payment to leave $272/mo cash flow. Total monthly income runs $2,185/mo, and annual cash flow reaches $3,268/yr on $106,080 cash to close. Return on cash invested measures 22.99% in year one, and rental yield registers 8.19% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 119.11% and total cumulative return in cash totals $126,351. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,185/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
7,840 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
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Listed by: ASHLEY PALMER • TOWN REALTY
Mls Name: CAAR
Mls Provider:
Mls ID: #664058