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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Charlottesville at 1000 Morningside Ln, Charlottesville, VA, 22903 listed at $549,900 pairs $3,908/mo rent with a $2,691/mo payment to leave $571/mo cash flow. Total monthly income runs $3,908/mo, and annual cash flow reaches $6,855/yr on $180,917 cash to close. Return on cash invested measures 23.85% in year one, and rental yield registers 8.53% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 123.8% and total cumulative return in cash totals $223,970. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,908/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.27 Acres lot
$N/A/sqft
$50 monthly HOA
Neighborhood data shown for ZIP Code: 22903, Charlottesville, VA area.
| 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 |
Residential
18,660
Single Family
13,524
Multi-Family
5,136
Businesses
1,241
Date | Event | Price |
|---|---|---|
| 2025-03-11 | Listed for sale | $549,900 |
| 2020-05-15 | Sold | $390,000 |
| 2020-03-26 | Listed for sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $4100.90 | 3.40% | $480,200 | 3.40% |
| 2023-03-12 | $3965.98 | 11.50% | $464,400 | 11.50% |
| 2022-03-12 | $3556.92 | 7.12% | $416,500 | 7.12% |
Listed by: Inessa Telefus • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls Provider:
Mls ID: #661655
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
