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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% |
Investment property for sale in Charlottesville at 917 Bing Ln, Charlottesville, VA, 22903 offers a 7.76% rental yield on a $510,000 purchase with $3,300/mo rent. Total monthly income registers $3,300/mo, and a $2,496/mo payment leaves $141/mo available for distribution. Annual cash flow reaches $1,696/yr on $167,790 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $3,291/yr while 5% annual appreciation supports $140,904 over five years. Portfolio math shows five-year ROI at 109.06% and total cumulative return in cash at $182,991. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,300/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2008
2,613 sqft lot
$N/A/sqft
$730 annually 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 |
|---|---|---|
| 2025-07-28 | Sold | $510,000 |
| 2025-06-19 | Pending sale | $519,000 |
| 2025-06-12 | Listed for sale | $519,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $4669.48 | 5.08% | $470,600 | 3.00% |
| 2023-10-24 | $4443.84 | 117.07% | $456,900 | 7.13% |
| 2022-10-24 | $2047.20 | -43.69% | $426,500 | 11.44% |
Listed by: TRAUGOTT & ASSOCIATES • REAL ESTATE III, INC.
Mls Name: CAAR
Mls Provider:
Mls ID: #665740
