








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 1854 Rhett Ct, Charlottesville, VA, 22903 priced at $975,000 pairs $7,919/mo rent with $1,991/mo cash flow after a $4,772/mo payment. Total monthly income equals $7,919/mo, and annual cash flow comes to $23,897/yr on $320,775 invested. Return on cash invested is 27.51% in year one, and rental yield stands at 9.75% on a $975,000 basis. Equity gained on principal adds $6,292/yr, and 5% annual appreciation accumulates to $269,375 by year five. Five-year ROI measures 143.42% and total cumulative return in cash reaches $460,071. For financing, Ziffy Mortgage’s DSCR program evaluates $7,919/mo property income against a $4,772/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.84 Acres lot
$N/A/sqft
$298 quarterly 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 |
|---|---|---|
| 2024-11-06 | Price change | $975,000 |
| 2024-09-12 | Price change | $1,150,000 |
| 2024-07-02 | Listed for sale | $1,300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-11 | $6624.48 | 10.83% | $775,700 | 10.83% |
| 2023-11-11 | $5977.14 | 9.24% | $699,900 | 9.24% |
| 2022-11-11 | $5471.58 | 6.98% | $640,700 | 6.98% |



Listed by: Linda Coyle • ERA Woody Hogg & Assoc
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2416745
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.