900 Locust Ln, Charlottesville, VA, 22901 | 7.13% Rental Yield

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900 Locust Ln, Charlottesville, VA, 22901 | 7.13% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Charlottesville at 900 Locust Ln, Charlottesville, VA, 22901 generates $2,669/mo in rent, after a $2,198/mo payment. Total monthly income is $2,669/mo. Return on cash invested sits at 19.78% in year one, and rental yield is 7.13% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 101.9% and total cumulative return in cash sums $151,672. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,669/mo property income rather than buyer’s personal income.

Townhouse

Built in 1995

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover a Hidden Gem in close to all things Charlottesville. This beautifully updated 3-bedroom, 2.5-bath home perfectly combines comfort, style, and convenience. Step inside to an open and flowing floor plan that has more space that youd expect. The main level features a welcoming foyer, a bright living room with a gas fireplace, dining space, and a gorgeous brand-new kitchen. You will appreciate the Calcutta Mia quartz countertops, sleek gold accents, new appliances, and updated lighting throughout. The main-level primary en-suite boasts a fully remodeled bath with exquisite tile work and modern finishes, along with a convenient half bath on this level. Upstairs, 2 generously sized bedrooms connected by a Jack-and-Jill full bath, complemented by a second-floor laundry area, linen closet, and additional storage. Outside, enjoy a front porch, open yard, and back patiothe ideal spot for grilling or unwinding. Experience low-maintenance livingthe HOA takes care of lawn mowing, snow removal, and select exterior maintenance. Peaceful community features no through traffic and direct access to the Rivanna Trail, all while being just minutes away from UVA, shopping, dining, and the best of city living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22901, Charlottesville, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,906 (100%)
Owner Occupied HU	8,917 (52.7%)
Renter Occupied HU	6,745 (39.9%)
Vacant Housing Units	1,244 ( 7.4%)
Median Home Value	$546,217
Average Home Value	$630,845