1104 Mill Park Drive ExtCharlottesvilleVA22901
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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 1104 Mill Park Drive Ext, Charlottesville, VA, 22901 generates $1,706/mo in rent and, after a $1,219/mo payment, leaves $217/mo in cash flow. Total monthly income is $1,706/mo, and annual cash flow is $2,607/yr on $82,544 invested. Return on cash invested sits at 23.07% in year one, and rental yield is 8.22% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 119.55% and total cumulative return in cash sums $98,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,706/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A 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
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Listed by: STEVE RIPLEY • BETTER HOMES & GARDENS R.E.-PATHWAYS
Mls Name: CAAR
Mls ID: #672178