1625 Elmwood Ct UNIT 204CharlottesvilleVA22903
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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 1625 Elmwood Ct UNIT 204, Charlottesville, VA, 22903 uses $110,058 cash to close to unlock $6,016/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $2,486/mo, and a $1,625/mo payment keeps the spread at $501/mo. Purchase price stands at $332,000, and rental yield measures 8.99% with $2,486/mo rent. Return on cash invested shows 25.38% in year one, and 5% annual appreciation builds toward $91,725 over five years. Five-year ROI reaches 131.9% and total cumulative return in cash records $145,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,486/mo property income covering a $1,625/mo payment rather than investor’s personal income.
Condo
Built in 2007
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: SUE PLASKON • LONG & FOSTER - CHARLOTTESVILLE
Mls Name: CAAR
Mls ID: #667618