1615 Elmwood Ct UNIT 202, Charlottesville, VA, 22903 | $375/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1615 Elmwood Ct UNIT 202, Charlottesville, VA, 22903 | $375/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1716 sft

460 Brownings Cv, Shipman, VA, 22971

3 Bed
1 Bath
1254 sft

7559 Esmont Rd, Esmont, VA, 22937

2 Bed
2 Bath
940 sft

1520 Villa Ter UNIT E, Charlottesville, VA, 22903

2 Bed
2 Bath
2240 sft

594 High Peak Ln, Shipman, VA, 22971

Nearby investment properties with comparable prices

3 Bed
2 Bath
1404 sft

5436 Secretarys Sand Rd, Esmont, VA, 22937

3 Bed
2 Bath
2120 sft

37 Oak Grove Ln, Nellysford, VA, 22958

3 Bed
2 Bath
1358 sft

Blackwell Rd, Buckingham, VA, 24590

3 Bed
2 Bath
1344 sft

14936 Thomas Nelson Hwy, Lovingston, VA, 22949

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Rental property for sale in Charlottesville at 1615 Elmwood Ct UNIT 202, Charlottesville, VA, 22903 generates $2,228/mo in rent and, after a $1,517/mo payment, leaves $375/mo in cash flow. Total monthly income is $2,228/mo, and annual cash flow is $4,502/yr on $102,765 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 8.62% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 126.1% and total cumulative return in cash sums $129,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,228/mo property income rather than buyer’s personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

This is a rare, low-risk investment opportunity in the highly sought-after, amenity-rich, and gated Woodlands community. Property comes w/ excellent, long-term tenants already in place who take pride in calling this unit home, guaranteeing income from closing. The Woodlands offers an unparalleled resort-like lifestyle (pool, clubhouse, fitness center, sports courts) that helps maximize tenant satisfaction and retention, minimizing vacancy costs. Peace of mind comes w/ a newer HVAC system and durable, low-maintenance flooring on the main level. Conveniently situated just south of the 5th St Station (Wegmans) with quick access to I-64 and (UVA), ensuring high rental demand. This is a well-designed unit featuring a spacious living/dining area and an open kitchen w/ white cabinets, granite countertops, recessed lighting, and stainless-steel appliances. The flexible layout includes a main-level primary suite option w/ a large walk-in closet, plus 2 large upstairs bedrooms, each with its own ensuite bath - a highly desirable setup for roommates. Unrivaled Amenities: Residents enjoy a state-of-the-art indoor fitness center, clubhouse (with indoor theater), resort-style pool, outdoor fire pit, full-size tennis, volleyball, and basketball.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22903, Charlottesville, VA area.

Housing Distribution

Housing Statistics

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