LOT 159 Horse Path Dr, Charlottesville, VA, 22902 | $1,034/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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LOT 159 Horse Path Dr, Charlottesville, VA, 22902 | $1,034/mo Cash Flow | Ziffy

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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 LOT 159 Horse Path Dr, Charlottesville, VA, 22902 offers a 10.44% rental yield on a $399,990 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $1,958/mo payment leaves $1,034/mo available for distribution. Annual cash flow reaches $12,404/yr on $132,597 to close, and return on cash invested stands at 29.26% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,510 over five years. Portfolio math shows five-year ROI at 152.91% and total cumulative return in cash at $202,753. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

9,583 sqft lot

$N/A/sqft

$55 monthly HOA

More details about the property

Welcome to The Melrose in Essence at Colonial Circle with an estimated July/August completion. The Melrose is the perfect home for those looking for space and comfort. This 2-story home boasts 4 bedrooms and 2.5 bathrooms, providing ample room for everyone to spread out and relax. The main level features a spacious kitchen with an optional island in an open concept living space overlooking the dining and family room. Need a quiet space to work or study? The flex room can be easily transformed into a private study or office. When it's time to retreat for the night, all 4 bedrooms are conveniently located on the upper level, each with a sizeable walk-in closet. Plus, the bedroom-level laundry room also makes laundry days a breeze. The Melrose truly has something for everyone - from its functional layout to its charming details, this home is sure to make you feel right at home from day one. Visit our model home today! *Photo is from a similar home

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