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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 240 Broad Axe Rd, Charlottesville, VA, 22903 projects strong ROI of 1.48%. Rental yield 1.05%. With 5% annual appreciation, the property builds $994,614 in value over five years. Equity growth combined delivers a projected five-year ROI of 3.61%, translating into $42,142 in total cumulative return on $1,166,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1790
10.35 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-03-13 | Listed for sale | $3,600,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-14 | $16498.42 | 1.83% | $2,025,600 | 1.75% |
| 2023-03-14 | $16201.24 | 5.78% | $1,990,700 | 5.48% |
| 2022-03-14 | $15315.64 | 0.32% | $1,887,200 | 0.28% |
What's Special
Walk-up
Listed by: Lori Meistrell • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #661714
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.
