820 Runnel Ct UNIT 4CharlottesvilleVA22901
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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 820 Runnel Ct UNIT 4, Charlottesville, VA, 22901 offers a 9.27% rental yield on a $250,000 purchase with $1,931/mo rent. Total monthly income registers $1,931/mo, and a $1,224/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,802/yr on $82,875 to close, and return on cash invested stands at 22.08% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 115.79% and total cumulative return in cash at $95,962. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,931/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
$286 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: PEG GILLILAND • CHARLOTTESVILLE SOLUTIONS
Mls Name: CAAR
Mls Provider:
Mls ID: #660276