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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% |
Rental property for sale in Charlottesville at 606 Delevan St, Charlottesville, VA, 22903 offers $2,040/mo rent that, after a $1,468/mo payment, leaves $247/mo cash flow. Total monthly income is $2,040/mo, and annual cash flow is $2,964/yr on $99,450 cash. Return on cash invested measures 22.89% in year one, and rental yield stands at 8.16% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 118.53% and total cumulative return in cash reaches $117,876. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,098 sqft 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 |
|---|---|---|
| 2025-04-12 | Listed for sale | $300,000 |
| 1980-05-06 | Sold | $23,550 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-14 | $1293.12 | 24.78% | $269,400 | 24.78% |
| 2022-04-14 | $1036.32 | -36.76% | $215,900 | 25.16% |
| 2021-04-14 | $1638.76 | N/A | $172,500 | 1.41% |
Listed by: Gordon Cowan • Weichert Realtors Nancy Beahm Real Estate
Mls Name: HRAR
Mls ID: #663117
Disclaimer: Copyright Harrisonburg-Rockingham Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
