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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 115 Turtle Creek Rd APT 9, Charlottesville, VA, 22901 generates $2,045/mo in rent and, after a $1,317/mo payment, leaves $167/mo in cash flow. Total monthly income is $2,045/mo, and annual cash flow is $1,999/yr on $89,174 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 9.12% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 115.93% and total cumulative return in cash sums $103,379. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,045/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$270 monthly 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 |
|---|---|---|
| 2024-09-18 | Price change | $269,000 |
| 2024-08-03 | Listed for sale | $275,000 |
| 2013-08-03 | Listing removed | $1,025 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1503.90 | 4.02% | $176,100 | 4.02% |
| 2022-10-16 | $1445.82 | 13.62% | $169,300 | 13.62% |
| 2021-10-16 | $1272.46 | 6.28% | $149,000 | 6.28% |
Listed by: Lindsay Milby • LORING WOODRIFF REAL ESTATE ASSOCIATES
Mls Name: CAAR
Mls Provider:
Mls ID: #655582
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.
