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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 913B Salamander St #B, Charlottesville, VA, 22911 priced at $435,000 converts $2,905/mo rent into $117/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,905/mo, and annual cash flow totals $1,401/yr on $144,203 invested. Return on cash invested prints 20.88% in year one, and rental yield reads 8.01% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 108.35% and total cumulative return in cash sums $156,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,905/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$188 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 |
|---|---|---|
| 2024-10-31 | Price change | $435,000 |
| 2024-10-02 | Listed for sale | $445,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Janet Bradley • HOMESELL REALTY
Mls Name: CAAR
Mls Provider:
Mls ID: #657394
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
