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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 1002 2nd St SE, Charlottesville, VA, 22902 offers a 7.84% rental yield on a $380,000 purchase with $2,482/mo rent. Total monthly income registers $2,482/mo, and a $1,860/mo payment leaves $210/mo available for distribution. Annual cash flow reaches $2,524/yr on $125,970 to close, and return on cash invested stands at 21.91% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 113.33% and total cumulative return in cash at $142,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,482/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22902, Charlottesville, VA area.
| 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 |
Residential
11,194
Single Family
9,644
Multi-Family
1,550
Businesses
1,901
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Price change | $380,000 |
| 2024-10-11 | Price change | $399,000 |
| 2024-09-26 | Listed for sale | $420,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $2006.40 | 16.60% | $418,000 | 16.60% |
| 2022-11-11 | $1720.80 | -43.87% | $358,500 | 11.09% |
| 2021-11-11 | $3065.66 | N/A | $322,700 | 1.06% |
Listed by: Catalina San Giorgio • FOUR SEASONS REALTY 1 LLC - NELSON
Mls Name: CAAR
Mls Provider:
Mls ID: #657251
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.
