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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 1622 Fowler Ridge Ct, Charlottesville, VA, 22901 offers a 6.23% rental yield on a $785,000 purchase with $4,073/mo rent. 43% in year one. Equity gained on principal adds $5,065/yr while 5% annual appreciation supports $216,881 over five years. Portfolio math shows five-year ROI at 84.15% and total cumulative return in cash at $217,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,073/mo property income against a $3,842/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
$300 quarterly 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 |
|---|---|---|
| 2025-06-19 | Listed for sale | $785,000 |
| 2025-05-10 | Listing removed | $850,000 |
| 2025-03-28 | Listed for sale | $850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-20 | $7027.56 | 5.73% | $822,900 | 5.73% |
| 2023-06-20 | $6646.68 | 14.73% | $778,300 | 14.73% |
| 2022-06-20 | $5793.54 | 13.44% | $678,400 | 13.44% |
Listed by: KATIE PEARL • KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #665980
