745 Walker Sq APT 3BCharlottesvilleVA22903
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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 745 Walker Sq APT 3B, Charlottesville, VA, 22903 offers $2,053/mo rent that, after a $1,711/mo payment. Total monthly income is $2,053/mo. Return on cash invested measures 19.53% in year one, and rental yield stands at 7.05% at a $349,500 entry. Equity gained on principal adds $2,255/yr while 5% annual appreciation compounds into $96,560 by year five. Five-year ROI records 100.55% and total cumulative return in cash reaches $116,497. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,053/mo property income versus a $1,711/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A 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: JEFF GAFFNEY • REAL ESTATE III, INC.
Mls Name: CAAR
Mls ID: #672917