100 Melbourne Park #FCharlottesvilleVA22901
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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 100 Melbourne Park #F, Charlottesville, VA, 22901 uses $155,639 cash to close to unlock $4,180/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $3,480/mo, and a $2,298/mo payment keeps the spread at $348/mo. Purchase price stands at $469,500, and rental yield measures 8.89% with $3,480/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $129,714 over five years. Five-year ROI reaches 117.89% and total cumulative return in cash records $183,476. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,480/mo property income covering a $2,298/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$325 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: Melissa Dunn • AVENUE REALTY, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #663701
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.