1504 Villa Ter UNIT B, Charlottesville, VA, 22903 | $766/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1504 Villa Ter UNIT B, Charlottesville, VA, 22903 | $766/mo Cash Flow | Ziffy

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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 1504 Villa Ter UNIT B, Charlottesville, VA, 22903 uses $76,908 cash to close to unlock $9,188/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $2,153/mo, and a $1,136/mo payment keeps the spread at $766/mo. Purchase price stands at $232,000, and rental yield measures 11.14% with $2,153/mo rent. Return on cash invested shows 31.86% in year one, and 5% annual appreciation builds toward $64,097 over five years. Five-year ROI reaches 166.64% and total cumulative return in cash records $128,159. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,153/mo property income covering a $1,136/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Freshly Updated & Move-In Ready! This spacious first-floor condo offers 3 bedrooms, 2 full baths, a bright open living and dining area, plus a versatile denideal for a home office, reading nook, or creative space. Step outside to your private patio and enjoy fresh air and peaceful views. Designed for easy living, this home features recent updates including a brand-new HVAC system (2024), microwave, and dishwasher (2023). The community takes care of landscaping, trash, road maintenance, and snow removal, giving you a truly low-maintenance lifestyle. Youll also enjoy access to outstanding amenitiesclubhouse, pool, fitness center, and more. Prime Location: Just 1.5 miles to I-64, 3.6 miles to UVA Hospital, and 2 miles to Wegmans & 5th Street Stationshopping, dining, and commuting are all right at your fingertips. Whether youre looking for comfort, convenience, or community, this condo offers it all in the heart of Charlottesville.

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