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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% |
Rental property for sale in Charlottesville at 1116 Holmes Ave, Charlottesville, VA, 22901 generates $3,300/mo in rent and, after a $2,374/mo payment, leaves $315/mo in cash flow. Total monthly income is $3,300/mo, and annual cash flow is $3,774/yr on $160,778 invested. Return on cash invested sits at 22.26% in year one, and rental yield is 8.16% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 115.39% and total cumulative return in cash sums $185,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,300/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22901, Charlottesville, VA area.
| 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 |
Residential
16,845
Single Family
13,820
Multi-Family
3,025
Businesses
1,227
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $485,000 |
| 2020-01-06 | Sold | $365,000 |
| 2019-11-11 | Listed for sale | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $4914.18 | 10.92% | $494,100 | 8.83% |
| 2023-04-21 | $4430.40 | 119.19% | $454,000 | 7.81% |
| 2022-04-21 | $2021.28 | -39.76% | $421,100 | 19.22% |
Listed by: Sydney Robertson • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls Provider:
Mls ID: #663361
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.
