318 Miller School Rd, Charlottesville, VA, 22903 | 3.69% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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318 Miller School Rd, Charlottesville, VA, 22903 | 3.69% Rental Yield | 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

Total monthly income runs $3,770/mo, and a $5,996/mo payment. Purchase price stands at $1,225,000, and rental yield measures 3.69% with $3,770/mo rent. Return on cash invested shows 9.63% in year one, and 5% annual appreciation builds toward $338,445 over five years. Five-year ROI reaches 47.32% and total cumulative return in cash records $187,824. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,770/mo property income covering a $5,996/mo payment rather than investor’s personal income.

Single Family

Built in 1988

21.23 Acres lot

$N/A/sqft

No HOA

More details about the property

A classic Colonial Cape Cod perched on a knoll overlooking an expansive field with long frontage on Stockton Creek in Western Albemarle. This fine county property offers complete privacy with Blue Ridge mountain views and wonderful convenience to western Albemarle schools and Crozet. A custom brick home offers an open floor plan with many traditional features; such as heart pine flooring & wood-burning fireplace & wood stove. The rear elevation has a screened porch that is flanked by decking on both sides. Full walk-out basement with home office and two-car garage. Central vacuum, home generator and second floor storage room. Land is suitable for horses, other livestock or crops with a small two-bay barn. Great garden space. 2,265 feet of frontage on the Stockton Creek makes this a great recreational property that attracts all types of wildlife. Development rights.

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