715 Elliott AveCharlottesvilleVA22902
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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 715 Elliott Ave, Charlottesville, VA, 22902 earns $311/mo cash flow from $2,642/mo rent with a $1,909/mo payment. Total monthly income totals $2,642/mo, and annual cash flow totals $3,726/yr on $129,285 capital. ROI tracks 22.79% on current figures, and rental yield reads 8.13% at a $390,000 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 over five years. Five-year ROI reaches 118.02% and total cumulative return in cash sums $152,588. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,642/mo property income instead of your personal income.
Single Family
Built in 1945
5,662 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: RUSSELL JOHNSON • HOWARD HANNA ROY WHEELER REALTY - ZION CROSSROADS
Mls Name: CAAR
Mls ID: #670182