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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 2976 Cove Trce, Charlottesville, VA, 22911 listed at $899,900 pairs $4,433/mo rent with a $4,405/mo payment. Total monthly income runs $4,433/mo. Return on cash invested measures 15.77% in year one, and rental yield registers 5.91% at a $899,900 basis. Equity gained on principal adds $5,807/yr, and annual property appreciation at 5% supports $248,626 by year five. Five-year ROI tracks 80.52% and total cumulative return in cash totals $238,396. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,433/mo property income relative to a $4,405/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.35 Acres lot
$N/A/sqft
$333 quarterly HOA
Neighborhood data shown for ZIP Code: 22911, Charlottesville, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,736 (100%) |
| Owner Occupied HU | 5,692 (58.5%) |
| Renter Occupied HU | 3,407 (35.0%) |
| Vacant Housing Units | 637 ( 6.5%) |
| Median Home Value | $474,189 |
| Average Home Value | $527,718 |
Residential
9,534
Single Family
7,230
Multi-Family
2,304
Businesses
736
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $899,900 |
| 2017-06-19 | Sold | $350,000 |
| 2015-02-18 | Sold | $74,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-13 | $6034.36 | -4.69% | $706,600 | -4.69% |
| 2023-04-13 | $6331.56 | 10.23% | $741,400 | 10.23% |
| 2022-04-13 | $5744.00 | 8.13% | $672,600 | 8.14% |
Listed by: Amanda Spigone • KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #662915
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.
