2530 Gillums Ridge LnCharlottesvilleVA22903
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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 2530 Gillums Ridge Ln, Charlottesville, VA, 22903 offers a 5.99% rental yield on a $565,000 purchase with $2,821/mo rent. 47% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 84.09% and total cumulative return in cash at $156,303. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,821/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
2.49 Acres 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: MARJORIE ADAM • BETTER HOMES & GARDENS R.E.-PATHWAYS
Mls Name: CAAR
Mls ID: #670580