555 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 555 Millstone Ct, Charlottesville, VA, 22901 with 5% annual appreciation on a $315,000 basis while $2,219/mo rent supports operations. Total monthly income totals $2,219/mo and a $1,542/mo payment preserves $336/mo for cash returns. Annual cash flow comes to $4,029/yr on $104,423 deployed, and return on cash invested reaches 23.77% in year one. Equity gained on principal adds $2,033/yr, and five-year appreciation sums $87,029 alongside rental yield of 8.45%. Five-year ROI measures 123.25% and total cumulative return in cash totals $128,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,219/mo property income versus a $1,542/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
N/A lot
$N/A/sqft
No 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 ID: #668392