117 Turtle Creek Rd APT 3CharlottesvilleVA22901
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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 117 Turtle Creek Rd APT 3, Charlottesville, VA, 22901 earns $447/mo cash flow from $2,273/mo rent with a $1,258/mo payment. Total monthly income totals $2,273/mo, and annual cash flow totals $5,359/yr on $85,196 capital. ROI tracks 26.2% on current figures, and rental yield reads 10.61% at a $257,000 purchase. Equity gained on principal adds $1,658/yr, and 5% annual appreciation supports $71,004 over five years. Five-year ROI reaches 137.8% and total cumulative return in cash sums $117,396. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,273/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$290 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: JIM DUNCAN • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #672544