197 Yellowstone Dr APT 306CharlottesvilleVA22903
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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 197 Yellowstone Dr APT 306, Charlottesville, VA, 22903 uses $74,588 cash to close to unlock $7,635/yr annual cash flow and $636/mo monthly cash flow. Total monthly income runs $1,981/mo, and a $1,101/mo payment keeps the spread at $636/mo. Purchase price stands at $225,000, and rental yield measures 10.57% with $1,981/mo rent. Return on cash invested shows 30.15% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 157.49% and total cumulative return in cash records $117,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,981/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 2004
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: Jeffrey Bloxsom • BLUESKY PM, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #658140
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.