100 Elkhorn Rd, Charlottesville, VA, 22903 | 7.11% Rental Yield

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100 Elkhorn Rd, Charlottesville, VA, 22903 | 7.11% 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

Rental property for sale in Charlottesville at 100 Elkhorn Rd, Charlottesville, VA, 22903 offers $3,407/mo rent that, after a $2,814/mo payment. Total monthly income is $3,407/mo. Return on cash invested measures 19.87% in year one, and rental yield stands at 7.11% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 102.34% and total cumulative return in cash reaches $193,607. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,407/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1964

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming renovated one-level brick ranch in Johnson Village. This home features abundance of natural light. Recently renovated kitchen that opens to the dining room. The kitchen features new stainless steel appliances, island and painted cabinets. This home features 3 bedrooms with spacious rooms and hardwood floors throughout the main level. The primary bedroom has an attached renovated bathroom with 3 large closets. The basement features a large family room with LVP floors, fireplace that opens to patio. There is an additional room with LVP floors and full bathroom. This is a great study or den space. The unfinished part of the basement provides great storage space and direct access to the attached garage. Enjoy outdoor entertaining on the patio with spacious corner lot. Conveniently located to Downtown and UVA. Fresh paint on the interior and exterior of the home. New roof installed 2024.

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