1550 Primrose LnCharlottesvilleVA22902
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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
Rental property for sale in Charlottesville at 1550 Primrose Ln, Charlottesville, VA, 22902 priced at $418,000 converts $2,807/mo rent into $225/mo cash flow after a $2,046/mo obligation. Total monthly income equals $2,807/mo, and annual cash flow totals $2,698/yr on $138,567 invested. Return on cash invested prints 21.86% in year one, and rental yield reads 8.06% against a $418,000 entry. Equity gained on principal adds $2,697/yr, while 5% annual appreciation compiles into $115,486 by year five. Five-year ROI reaches 113.26% and total cumulative return in cash sums $156,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,807/mo property income covering a $2,046/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
4,791 sqft lot
$N/A/sqft
$250 quarterly HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,194
Single Family
9,644
Multi-Family
1,550
Businesses
1,901
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Listed by: THE CROMER TEAM • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #664131