988 Amber Ridge RdCharlottesvilleVA22901
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
Rental property for sale in Charlottesville at 988 Amber Ridge Rd, Charlottesville, VA, 22901 priced at $399,500 converts $2,202/mo rent into after a $1,955/mo obligation. Total monthly income equals $2,202/mo. Return on cash invested prints 17.63% in year one, and rental yield reads 6.61% against a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation compiles into $110,374 by year five. Five-year ROI reaches 90.57% and total cumulative return in cash sums $119,943. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $1,955/mo payment, not borrower’s personal income.
Townhouse
Built in 1993
7,405 sqft lot
$N/A/sqft
$66 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Burns • RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #662624
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.