708 Nassau 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 708 Nassau St, Charlottesville, VA, 22902 uses $75,914 cash to close to unlock $9,743/yr annual cash flow and $812/mo monthly cash flow. Total monthly income runs $2,181/mo, and a $1,121/mo payment keeps the spread at $812/mo. Purchase price stands at $229,000, and rental yield measures 11.43% with $2,181/mo rent. Return on cash invested shows 32.74% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 171.37% and total cumulative return in cash records $130,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,181/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,405 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: PATRICIA IRBY • KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Mls Name: CAAR
Mls ID: #667417