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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 973 Taylors Gap Rd, Charlottesville, VA, 22903 generates $3,599/mo in rent and, after a $2,927/mo payment, leaves $24/mo in cash flow. Total monthly income is $3,599/mo, and annual cash flow is $290/yr on $196,742 invested. Return on cash invested sits at 20.21% in year one, and rental yield is 7.22% on a $598,000 entry. Equity gained on principal adds $3,859/yr, while 5% annual appreciation builds toward $165,216 over five years. Five-year ROI reaches 104.14% and total cumulative return in cash sums $204,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,599/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3.17 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-07-19 | Listed for sale | $598,000 |
| 2023-11-28 | Sold | $499,000 |
| 2023-10-29 | Pending sale | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-11 | $3258.86 | -2.35% | $381,600 | -2.35% |
| 2023-11-11 | $3337.44 | 9.25% | $390,800 | 9.25% |
| 2022-11-11 | $3054.76 | 5.42% | $357,700 | 5.42% |
Listed by: Charlotte Dammann • MCLEAN FAULCONER INC., REALTOR
Mls Name: CAAR
Mls Provider:
Mls ID: #655171
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.
