Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1524 Cherry Ave, Charlottesville, VA, 22903 with 5% annual appreciation on a $500,000 basis while $3,160/mo rent supports operations. Total monthly income totals $3,160/mo and a $2,447/mo payment preserves $171/mo for cash returns. Annual cash flow comes to $2,056/yr on $165,750 deployed, and return on cash invested reaches 21.15% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 7.58%. Five-year ROI measures 109.23% and total cumulative return in cash totals $181,052.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,160/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-03-21 | Listed for sale | $500,000 |
| 2024-05-15 | Listing removed | $374,000 |
| 2023-05-15 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-23 | $1981.44 | 7.95% | $412,800 | 7.95% |
| 2022-03-23 | $1835.52 | -25.80% | $382,400 | 46.85% |
| 2021-03-23 | $2473.80 | N/A | $260,400 | 7.74% |
Listed by: Marjorie Adam • BETTER HOMES & GARDENS R.E.-PATHWAYS
Mls Name: CAAR
Mls Provider:
Mls ID: #662031
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.
