1315 Gristmill Dr, Charlottesville, VA, 22902 | 7.14% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1315 Gristmill Dr, Charlottesville, VA, 22902 | 7.14% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2385 sft

7160 Burnt Mountain Rd, Afton, VA, 22920

3 Bed
2 Bath
1820 sft

1638 Harris Creek Rd, Charlottesville, VA, 22902

3 Bed
2 Bath
1390 sft

1616 Stoney Creek Dr, Charlottesville, VA, 22902

4 Bed
2 Bath
1792 sft

2865 Old Lynchburg Rd, North Garden, VA, 22959

Nearby investment properties with comparable prices

3 Bed
2 Bath
2139 sft

170 Rosewood Dr, Nellysford, VA, 22958

3 Bed
3 Bath
2240 sft

1411 Hill Hollow Rd, Faber, VA, 22938

3 Bed
4 Bath
2306 sft

3207 Horizon Rd, Charlottesville, VA, 22902

3 Bed
3 Bath
2154 sft

3094 Horizon Rd, Charlottesville, VA, 22902

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Charlottesville at 1315 Gristmill Dr, Charlottesville, VA, 22902 offers a 7.14% rental yield on a $499,000 purchase with $2,968/mo rent. 8% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 102.01% and total cumulative return in cash at $168,738. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,968/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1990

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

PRIME Charlottesville location. The setting is unbeatable, a peaceful street in a tight-knit neighborhood with walkable access to Biscuit Run Park and trails, and minutes from Wegmans, 5th Street Station, and Downtown Charlottesville. Inside, youll find a welcoming open-concept living area anchored by a cozy wood-burning fireplace, with easy flow from the living room to the dining area and kitchen. The bright, modern kitchen features rich granite countertops, a durable, timeless surface, and stainless steel appliances for a sleek contemporary touch. Charming 4-bedroom, 2-bath home in a A first-floor primary suite adds everyday ease and flexibility. Step outside to a fully fenced yard, perfect for outdoor living, playtime, and entertaining. The home offering quiet retreat and superb convenience. Full renovation, including a new roof, HVAC and more, completed in 2023.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22902, Charlottesville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,851 (100%)
Owner Occupied HU	5,576 (51.4%)
Renter Occupied HU	4,480 (41.3%)
Vacant Housing Units	795 ( 7.3%)
Median Home Value	$451,661
Average Home Value	$580,194