217 Blackthorn Ln, Charlottesville, VA, 22902 | 5.59% Rental Yield

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217 Blackthorn Ln, Charlottesville, VA, 22902 | 5.59% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Charlottesville at 217 Blackthorn Ln, Charlottesville, VA, 22902 listed at $440,000 pairs $2,051/mo rent with a $2,154/mo payment. Total monthly income runs $2,051/mo. Return on cash invested measures 15.14% in year one, and rental yield registers 5.59% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 77.01% and total cumulative return in cash totals $112,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,051/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1994

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Adorable, lovingly maintained, light-filled cottage in the amenity rich Lake Reynovia community off Avon Street with quick access to 64/250,Downtown and UVA. Fabulous covered front porch with porch swing overlooking the manicured lawn. New luxury vinyl plank flooring throughout the home, and all plumbing updated in 2023. You'll love the expansive kitchen with peninsula seating and freshly stained cabinetry. Large living room features gas fireplace, and opens to the dining area. Two good-sized bedrooms share a remodeled full bathroom with walk-in tiled shower. Encapsulated crawlspace provides 800 sqft of dry locked storage space beneath the home, floored attic space provide even more additional storage, and fenced backyard provides space to run and play!

Neighborhood Data

Neighborhood data shown for ZIP Code: 22902, Charlottesville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,851 (100%)
Owner Occupied HU	5,576 (51.4%)
Renter Occupied HU	4,480 (41.3%)
Vacant Housing Units	795 ( 7.3%)
Median Home Value	$451,661
Average Home Value	$580,194