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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 2308 Wayne Ave, Charlottesville, VA, 22901 earns $61/mo cash flow from $3,260/mo rent with a $2,619/mo payment. Total monthly income totals $3,260/mo, and annual cash flow totals $737/yr on $176,015 capital. ROI tracks 20.48% on current figures, and rental yield reads 7.31% at a $535,000 purchase. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 over five years. Five-year ROI reaches 105.59% and total cumulative return in cash sums $185,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,260/mo property income instead of your personal income.
Single Family
Built in 1963
0.46 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-31 | Price change | $535,000 |
| 2024-10-09 | Listed for sale | $537,000 |
| 2020-09-08 | Sold | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $2136.96 | 7.80% | $445,200 | 7.80% |
| 2022-11-11 | $1982.40 | -47.88% | $413,000 | 3.15% |
| 2021-11-11 | $3803.80 | N/A | $400,400 | 38.36% |
Listed by: H. Jordan Hague • OLD DOMINION REALTY & INVESTMENT LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #657599
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.
