1057 Highlands DrCharlottesvilleVA22901
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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 1057 Highlands Dr, Charlottesville, VA, 22901 priced at $395,000 converts $2,895/mo rent into $469/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,895/mo, and annual cash flow totals $5,629/yr on $130,943 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 8.79% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 125.86% and total cumulative return in cash sums $164,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,895/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Townhouse
Built in 1993
8,276 sqft lot
$N/A/sqft
$65 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: SASHA TRIPP • STORY HOUSE REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #664553