132 Turtle Creek Rd APT 11, Charlottesville, VA, 22901 | $539/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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132 Turtle Creek Rd APT 11, Charlottesville, VA, 22901 | $539/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlottesville at 132 Turtle Creek Rd APT 11, Charlottesville, VA, 22901 listed at $199,900 pairs $1,734/mo rent with a $978/mo payment to leave $539/mo cash flow. Total monthly income runs $1,734/mo, and annual cash flow reaches $6,473/yr on $66,267 cash to close. Return on cash invested measures 29.68% in year one, and rental yield registers 10.41% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 155.01% and total cumulative return in cash totals $102,721. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,734/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

This is a great top-floor condo at Turtle Creek, with one of the best views in the neighborhood. Fresh paint throughout, cathedral ceilings, lots of light, a very nice sunroom - light here, too - and the condo lives larger than it feels. The space is generous, and efficient. Large living room with a comfortable covered porch facing the mountains, good-sized bedroom with large walk-in closet, laundry room with full size side-by-side washer and dryer and lots of cabinets above - and a delightful wood-burning brick fireplace - that is serviced by the condo association every two years! All of that, and you're about a half mile walk to Trader Joe's, just under a mile to Whole Foods, 2 miles to UVA Law & Darden, just over 3 miles to UVA Medical Center, 3.5 miles to Charlottesville's Downtown Mall. Charlottesville City Bus line is a couple feet away. No car needed, but there's parking too!

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