615 E High 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 615 E High St, Charlottesville, VA, 22902 generates $1,830/mo in rent, after a $5,384/mo payment. Total monthly income is $1,830/mo. Return on cash invested sits at 4.39% in year one, and rental yield is 2% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 19.25% and total cumulative return in cash sums $68,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,830/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
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: ANDREW HARDY • FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY
Mls Name: CAAR
Mls ID: #666922