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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 707 Palatine Ave, Charlottesville, VA, 22902 priced at $415,000 pairs $2,755/mo rent with $247/mo cash flow after a $2,031/mo payment. Total monthly income equals $2,755/mo, and annual cash flow comes to $2,961/yr on $137,573 invested. Return on cash invested is 22.06% in year one, and rental yield stands at 7.97% on a $415,000 basis. Equity gained on principal adds $2,678/yr, and 5% annual appreciation accumulates to $114,657 by year five. Five-year ROI measures 114.19% and total cumulative return in cash reaches $157,089. For financing, Ziffy Mortgage’s DSCR program evaluates $2,755/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2005
3,049 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 |
|---|---|---|
| 2025-09-16 | Sold | $415,000 |
| 2025-08-12 | Pending sale | $415,000 |
| 2025-05-08 | Listed for sale | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $3650.58 | 5.45% | $368,100 | 3.37% |
| 2023-10-19 | $3461.76 | 121.63% | $356,100 | 9.43% |
| 2022-10-19 | $1561.92 | -41.09% | $325,400 | 16.59% |
Listed by: JESSICA SAADUT • MONTAGUE, MILLER & CO. - WESTFIELD
Mls Name: CAAR
Mls Provider:
Mls ID: #664281
