371 Quarry Rd, Charlottesville, VA, 22902 | $293/mo Cash Flow

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371 Quarry Rd, Charlottesville, VA, 22902 | $293/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 371 Quarry Rd, Charlottesville, VA, 22902 earns $293/mo cash flow from $2,798/mo rent with a $2,051/mo payment. Total monthly income totals $2,798/mo, and annual cash flow totals $3,517/yr on $138,899 capital. ROI tracks 22.44% on current figures, and rental yield reads 8.01% at a $419,000 purchase. Equity gained on principal adds $2,704/yr, and 5% annual appreciation supports $115,762 over five years. Five-year ROI reaches 116.17% and total cumulative return in cash sums $161,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,798/mo property income instead of your personal income.

Townhouse

Built in 2007

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

LUXURY TOWNHOME IN SOUGHT-AFTER BELMONT; JUST MINUTES FROM THE DOWNTOWN MALL IN CHARLOTTESVILLE! This updated 3BR/3BA home in Belmont Village offers open floor plan with living and dining room areas flooded with natural light from windows surrounded by custom drapery shining onto hardwood floors throughout. The main living room boasts 9-ft ceilings, crown moulding, a charming gas fireplace, and beautiful built-ins. The expansive eat-in kitchen features white maple cabinets with dove tail and soft close finishes, granite countertops, a large island, upgraded tile backsplash, pantry, and stainless-steel appliances. The HVAC is a dual-zone heating/cooling system updated with new Trane heat pump in 2020. The primary bedroom offers an en-suite bathroom with a double vanity, as well as two closets, including a spacious walk-in closet. The townhome features a central vac, a private rear deck, in addition to an oversized two-car garage with plenty of storage. Laundry is located on the top level with new 2023 GE washing machine. Belmont Village is located near Belmont and Quarry Parks, across from walking trails near the Rivanna River, less than 2 miles to UVA, Downtown Charlottesville and 5th Street Station Shopping Center.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22902, Charlottesville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,851 (100%)
Owner Occupied HU	5,576 (51.4%)
Renter Occupied HU	4,480 (41.3%)
Vacant Housing Units	795 ( 7.3%)
Median Home Value	$451,661
Average Home Value	$580,194