1243 Cedars Ct APT B5CharlottesvilleVA22903
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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 1243 Cedars Ct APT B5, Charlottesville, VA, 22903 uses $41,438 cash to close to unlock $2,959/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $994/mo, and a $612/mo payment keeps the spread at $247/mo. Purchase price stands at $125,000, and rental yield measures 9.54% with $994/mo rent. Return on cash invested shows 27.05% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 140.93% and total cumulative return in cash records $58,397. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $994/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22903, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,943 (100%) |
| Owner Occupied HU | 7,004 (37.0%) |
| Renter Occupied HU | 10,256 (54.1%) |
| Vacant Housing Units | 1,683 ( 8.9%) |
| Median Home Value | $603,432 |
| Average Home Value | $711,730 |
Housing Distribution
Address Breakdown
Residential
18,660
Single Family
13,524
Multi-Family
5,136
Businesses
1,241
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Listed by: AMY MCLESKEY • THE NEW HOUSE COMPANY
Mls Name: CAAR
Mls ID: #666817