960 Locust AveCharlottesvilleVA22901
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 960 Locust Ave, Charlottesville, VA, 22901 offers a 2.94% rental yield on a $1,195,000 purchase with $2,924/mo rent. 29% in year one. Equity gained on principal adds $7,711/yr while 5% annual appreciation supports $330,156 over five years. Portfolio math shows five-year ROI at 34.8% and total cumulative return in cash at $134,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,924/mo property income against a $5,849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.39 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LINDSAY MILBY • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls ID: #667503