824 Colridge DrCharlottesvilleVA22903
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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 824 Colridge Dr, Charlottesville, VA, 22903 priced at $1,850,000 pairs $5,311/mo rent with after a $9,055/mo payment. Total monthly income equals $5,311/mo. Return on cash invested is 8.86% in year one, and rental yield stands at 3.44% on a $1,850,000 basis. Equity gained on principal adds $11,938/yr, and 5% annual appreciation accumulates to $511,121 by year five. Five-year ROI measures 43.22% and total cumulative return in cash reaches $259,033. For financing, Ziffy Mortgage’s DSCR program evaluates $5,311/mo property income against a $9,055/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2007
5,662 sqft 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: ELIZABETH FEIL MATTHEWS • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls ID: #670750