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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 802 Wesley Ln UNIT B, Charlottesville, VA, 22911 priced at $445,000 converts $3,094/mo rent into $215/mo cash flow after a $2,178/mo obligation. Total monthly income equals $3,094/mo, and annual cash flow totals $2,579/yr on $147,518 invested. Return on cash invested prints 21.66% in year one, and rental yield reads 8.34% against a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation compiles into $122,945 by year five. Five-year ROI reaches 112.56% and total cumulative return in cash sums $166,052. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,094/mo property income covering a $2,178/mo payment, not borrower’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$219 monthly 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 |
|---|---|---|
| 2025-06-30 | Price change | $445,000 |
| 2021-09-22 | Pending sale | $383,125 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $3166.64 | -4.73% | $370,800 | -4.73% |
| 2023-07-01 | $3323.76 | N/A | $389,200 | N/A |
| 2022-07-01 | N/A | N/A | N/A | N/A |
Listed by: KELLY C. LINDAUER • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #666318
