614 Whitcover CirCharlottesvilleVA22901
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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 614 Whitcover Cir, Charlottesville, VA, 22901 priced at $319,900 converts $2,976/mo rent into $765/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,976/mo, and annual cash flow totals $9,185/yr on $106,047 invested. Return on cash invested prints 28.57% in year one, and rental yield reads 11.16% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 150.26% and total cumulative return in cash sums $159,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,976/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Townhouse
Built in 1993
N/A lot
$N/A/sqft
$298 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22901, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,906 (100%) |
| Owner Occupied HU | 8,917 (52.7%) |
| Renter Occupied HU | 6,745 (39.9%) |
| Vacant Housing Units | 1,244 ( 7.4%) |
| Median Home Value | $546,217 |
| Average Home Value | $630,845 |
Housing Distribution
Address Breakdown
Residential
16,845
Single Family
13,820
Multi-Family
3,025
Businesses
1,227
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Listed by: Eddie Karoliussen • FOUR CORNERS REAL ESTATE SOLUTIONS, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #658360
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.