553 Millstone CtCharlottesvilleVA22901
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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 553 Millstone Ct, Charlottesville, VA, 22901 uses $86,853 cash to close to unlock $52/yr annual cash flow and $4/mo monthly cash flow. Total monthly income runs $1,913/mo, and a $1,282/mo payment keeps the spread at $4/mo. Purchase price stands at $262,000, and rental yield measures 8.76% with $1,913/mo rent. Return on cash invested shows 19.97% in year one, and 5% annual appreciation builds toward $72,386 over five years. Five-year ROI reaches 104.63% and total cumulative return in cash records $90,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,913/mo property income covering a $1,282/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$333 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22901, Charlottesville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,906 (100%) |
| Owner Occupied HU | 8,917 (52.7%) |
| Renter Occupied HU | 6,745 (39.9%) |
| Vacant Housing Units | 1,244 ( 7.4%) |
| Median Home Value | $546,217 |
| Average Home Value | $630,845 |
Housing Distribution
Address Breakdown
Residential
16,845
Single Family
13,820
Multi-Family
3,025
Businesses
1,227
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Listed by: PETER CATHCART • STEVENS & COMPANY-CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #664277