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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 501 Ridge St, Charlottesville, VA, 22902 listed at $495,000 pairs $3,679/mo rent with a $2,423/mo payment to leave $720/mo cash flow. Total monthly income runs $3,679/mo, and annual cash flow reaches $8,637/yr on $164,093 cash to close. Return on cash invested measures 25.17% in year one, and rental yield registers 8.92% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 130.79% and total cumulative return in cash totals $214,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,679/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22902, Charlottesville, VA area.
| 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 |
Residential
11,194
Single Family
9,644
Multi-Family
1,550
Businesses
1,901
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $495,000 |
| 2018-10-28 | Listing removed | $1,400 |
| 2018-10-08 | Listed for rent | $1,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-06 | $2601.60 | 20.74% | $542,000 | 20.74% |
| 2022-04-06 | $2154.72 | -50.14% | $448,900 | -1.32% |
| 2021-04-06 | $4321.56 | N/A | $454,900 | 1.45% |
Listed by: Gordon Cowan • Weichert Realtors Nancy Beahm Real Estate
Mls Name: HRAR
Mls ID: #662760
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
