1840 Candlewood Ct UNIT 104, Charlottesville, VA, 22903 | $284/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1840 Candlewood Ct UNIT 104, Charlottesville, VA, 22903 | $284/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 1840 Candlewood Ct UNIT 104, Charlottesville, VA, 22903 earns $284/mo cash flow from $2,071/mo rent with a $1,463/mo payment. Total monthly income totals $2,071/mo, and annual cash flow totals $3,409/yr on $99,119 capital. ROI tracks 23.35% on current figures, and rental yield reads 8.31% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash sums $119,986. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,071/mo property income instead of your personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

This single level, end unit condo offers an excellent combination of great proximity, low maintenance, and abundant amenities. The open plan features plenty of natural light, built in book case, and opens to a spacious, covered patio perfect for entertaining or relaxation. The kitchen includes a breakfast bar, granite counters, stainless appliances, pantry, rolling island, and laundry. The primary suite includes a private bathroom and the second bedroom also has private access to another full bathroom. The community provides a clubhouse, three tiered pool, fitness center, tennis, basketball, and volleyball. Only 10 minutes from the Downtown Mall, UVA, and all things 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