1908 Inglewood Dr Unit B · Charlottesville, VA 22901

$187,500

3 bd · 2.0 ba · 938 sqft · Condo public records · 92 Days on market

Built 1969 $200/sqft · 12% above area Est $167k · 12% over $287/mo HOA · 14% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.8/30.0
• Schools +6.2/10.0
• 1% rule +5.9/10.0
• DSCR +5.6/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +2.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this delightful 2-bedroom, 2-bathroom condo now available in one of Charlottesville's most conveniently located neighborhoods. Step inside to find freshly updated interiors featuring new luxury vinyl plank flooring, updated carpet, and crisp new paint throughout. The spacious primary bedroom boasts its own private bathroom with a walk-in shower, creating a true retreat. A charming breakfast nook or dining room adds warmth and character to everyday living. This is one of the only units offering an in-unit washer and dryer, a rare and coveted perk. Residents enjoy access to shared common spaces, while nearby the Shops at Stonefield and Barracks Road Shopping Center provide premier dining and retail. The University of Virginia and the iconic Downtown Mall are just minutes away. Whether you're seeking a personal retreat or a smart investor opportunity, this condo delivers. Schedule your showing today!

Key facts

• Breakfast nook
• Updated interiors
• Walk-in shower

Tags

• UPDATED INTERIORS
• LUXURY VINYL PLANK FLOORING
• PRIVATE BATHROOM
• WALK-IN SHOWER
• BREAKFAST NOOK
• IN-UNIT WASHER AND DRYER

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $188k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $188k).
• Recommended offer: $171k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 2.9% in Charlottesville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#27 in VA, #707 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, commute A+; Watch: cost of living D, crime D-.
• Albemarle County Public School District (rural): math 66% / reading 77% proficiency, ranked #14 of 131 in VA (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: Rents rising (+2.8%/yr); 379 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 810 units permitted in Albemarle County in 2024 (188 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Albemarle County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($171k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $12k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $170,625 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.09% ✓
• Cap rate: 7.29%
• Cash-on-cash: 3.54%
• DSCR: 1.16
• GRM: 7.7

CMA / ARV

• ARV (median comp): $167,146
• List price: $187,500
• Delta: 12.18%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.60×
• Total profit: $-20,747
• Equity at exit: $27,957

10-year hold

• IRR: -1.8%
• Equity multiple: 0.88×
• Total profit: $-6,332
• Equity at exit: $16,212

Cash invested: $52,500 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 22901

• Rents YoY: 2.8%
• Active inventory: 379
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,040 high
• Mortgage (P&I): −$983
• Tax from tax record: −$108 /mo · $1,300/yr
• Insurance: −$78
• HOA: −$287
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $155

Break-even live

Break-even rent $1,844

Max offer price $187,500

Occupancy floor 87%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $46,875
• Closing costs: $5,625
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2410 Berkshire Pl Charlottesville, VA	2.0–3.0	1.0–1.5	875	$1,939	$2.22	13d	5	0.09mi
2517 Hydraulic Rd #60 Charlottesville, VA	2.0	1.0	837	$1,550	$1.85	13d	1	0.15mi
2105 Bond St Charlottesville, VA	2.0	1.0–2.0	894	$3,376	$3.78	13d	7	0.16mi
114 Turtle Creek Rd #8 Charlottesville, VA	2.0	2.0	979	$2,045	$2.09	20d	1	0.22mi
114 Turtle Creek Rd #8 Charlottesville, VA	2.0	2.0	979	$2,045	$2.09	43d	1	0.22mi
3105 District Ave Charlottesville, VA	1.0–3.0	1.0–2.0	1027	$2,853	$2.78	13d	24	0.26mi
2206 N Berkshire Rd Apt 24 Charlottesville, VA	2.0	1.0	800	$1,220	$1.52	20d	1	0.28mi
2204 N Berkshire Rd Apt D Charlottesville, VA	2.0	1.0	800	$1,325	$1.66	20d	1	0.29mi
2099 Commonwealth Dr Charlottesville, VA	2.0	1.5	1008	$1,600	$1.59	43d	1	0.37mi
101 Arbor Crest Dr Charlottesville, VA	2.0	1.0	825	$1,366	$1.66	13d	5	0.49mi
2407 Peyton Dr Charlottesville, VA	1.0–3.0	1.0–1.5	905	$1,636	$1.81	13d	10	0.58mi
2427 Peyton Dr Charlottesville, VA	2.0	2.0	1000	$1,800	$1.80	13d	7	0.58mi
163 Hessian Hills Way #2 Charlottesville, VA	2.0	1.0	781	$1,550	$1.98	13d	1	0.60mi
137 Hessian Hills Cir #3 Charlottesville, VA	2.0	1.0	781	$1,735	$2.22	20d	1	0.65mi
2420 Barracks Pl #4 Charlottesville, VA	3.0	1.5	1019	$2,100	$2.06	43d	1	0.66mi
2422 Barracks Pl #4 Charlottesville, VA	2.0	1.0	783	$1,550	$1.98	13d	1	0.67mi
255 Saponi Ln Charlottesville, VA	3.0	1.0–2.5	817	$1,965	$2.40	13d	21	0.87mi
210 Saponi Ln #6 Charlottesville, VA	2.0	1.5	940	$1,799	$1.91	13d	1	0.95mi
2210 Clubhouse Way Charlottesville, VA	1.0–3.0	1.0–1.5	925	$2,100	$2.27	13d	26	1.03mi
2401 Arlington Blvd Charlottesville, VA	2.0	1.0	860	$2,125	$2.47	13d	14	1.15mi
1545 Rugby Ave Charlottesville, VA	2.0	1.0	1097	$2,195	$2.00	20d	1	1.38mi
835 Fountain Ct Unit B Charlottesville, VA	2.0	1.0	900	$1,625	$1.81	43d	1	1.48mi
835 Fountain Ct Unit B Charlottesville, VA	2.0	1.0	900	$1,625	$1.81	20d	1	1.48mi
840 Fountain Ct Unit D Charlottesville, VA	2.0	1.0	900	$1,625	$1.81	43d	1	1.48mi
840 Fountain Ct Unit A Charlottesville, VA	2.0	1.0	900	$1,625	$1.81	13d	1	1.48mi
1306 Preston Ave Charlottesville, VA	2.0	2.0	970	$2,000	$2.06	13d	1	1.50mi

HOA detail condo

• Monthly dues: $287 · $3,444/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-19
   days on market $187,500 Active 92 DOM
2. 2026-06-18
   days on market $187,500 Active 91 DOM
3. 2026-06-17
   days on market $187,500 Active 90 DOM
4. 2026-06-16
   days on market $187,500 Active 89 DOM
5. 2026-06-15
   days on market $187,500 Active 88 DOM
6. 2026-06-14
   days on market $187,500 Active 86 DOM
7. 2026-06-13
   days on market $187,500 Active 85 DOM
8. 2026-06-10
   days on market $187,500 Active 83 DOM
9. 2026-06-09
   days on market $187,500 Active 82 DOM
10. 2026-06-08
    days on market $187,500 Active 81 DOM
11. 2026-06-07
    days on market $187,500 Active 80 DOM
12. 2026-06-03
    days on market $187,500 Active 76 DOM
13. 2026-06-02
    days on market $187,500 Active 75 DOM
14. 2026-06-01
    days on market $187,500 Active 74 DOM
15. 2026-05-31
    days on market $187,500 Active 73 DOM
16. 2026-05-30
    days on market $187,500 Active 72 DOM
17. 2026-05-05
    price $192,500 919-char remark

    Show marketing remark (919 chars)

    Discover this delightful 2-bedroom, 2-bathroom condo now available in one of Charlottesville's most conveniently located neighborhoods. Step inside to find freshly updated interiors featuring new luxury vinyl plank flooring, updated carpet, and crisp new paint throughout. The spacious primary bedroom boasts its own private bathroom with a walk-in shower, creating a true retreat. A charming breakfast nook or dining room adds warmth and character to everyday living. This is one of the only units offering an in-unit washer and dryer, a rare and coveted perk. Residents enjoy access to shared common spaces, while nearby the Shops at Stonefield and Barracks Road Shopping Center provide premier dining and retail. The University of Virginia and the iconic Downtown Mall are just minutes away. Whether you're seeking a personal retreat or a smart investor opportunity, this condo delivers. Schedule your showing today!

18. 2026-03-19
    listed $200,000 Active 919-char remark

    Show marketing remark (919 chars)

    Discover this delightful 2-bedroom, 2-bathroom condo now available in one of Charlottesville's most conveniently located neighborhoods. Step inside to find freshly updated interiors featuring new luxury vinyl plank flooring, updated carpet, and crisp new paint throughout. The spacious primary bedroom boasts its own private bathroom with a walk-in shower, creating a true retreat. A charming breakfast nook or dining room adds warmth and character to everyday living. This is one of the only units offering an in-unit washer and dryer, a rare and coveted perk. Residents enjoy access to shared common spaces, while nearby the Shops at Stonefield and Barracks Road Shopping Center provide premier dining and retail. The University of Virginia and the iconic Downtown Mall are just minutes away. Whether you're seeking a personal retreat or a smart investor opportunity, this condo delivers. Schedule your showing today!

19. 2023-06-02
    soldstatus $140,000
20. 2023-06-01
    soldstatus $140,000 Sold 722-char remark

    Show marketing remark (722 chars)

    Welcome to 1908 Inglewood Dr #B! This 2 bed/2 full bathroom main level condominium is a great property for investors looking for a rental property in an ideal location to the Shops at Stonefield, Hydraulic Road, and Route 29. Walk into your one-level condo from the cute covered front patio. Greeted with an open living room, you'll find the perfect place for relaxation. Head through the living room to the kitchen. Off of the kitchen is a great combination room that can be used for eat-in dining, dining room, home office, etc. As an added bonus, 1908 Inglewood Unit B is the ONLY unit in the complex to have a washer/dryer in the unit. Conveniently located to Rt. 29, Stonefield Shopping, UVA, NGIC, and so much more.

21. 2023-04-09
    status Pending 722-char remark

    Show marketing remark (722 chars)

    Welcome to 1908 Inglewood Dr #B! This 2 bed/2 full bathroom main level condominium is a great property for investors looking for a rental property in an ideal location to the Shops at Stonefield, Hydraulic Road, and Route 29. Walk into your one-level condo from the cute covered front patio. Greeted with an open living room, you'll find the perfect place for relaxation. Head through the living room to the kitchen. Off of the kitchen is a great combination room that can be used for eat-in dining, dining room, home office, etc. As an added bonus, 1908 Inglewood Unit B is the ONLY unit in the complex to have a washer/dryer in the unit. Conveniently located to Rt. 29, Stonefield Shopping, UVA, NGIC, and so much more.

22. 2023-04-04
    listed $145,000 Active 722-char remark

    Show marketing remark (722 chars)

    Welcome to 1908 Inglewood Dr #B! This 2 bed/2 full bathroom main level condominium is a great property for investors looking for a rental property in an ideal location to the Shops at Stonefield, Hydraulic Road, and Route 29. Walk into your one-level condo from the cute covered front patio. Greeted with an open living room, you'll find the perfect place for relaxation. Head through the living room to the kitchen. Off of the kitchen is a great combination room that can be used for eat-in dining, dining room, home office, etc. As an added bonus, 1908 Inglewood Unit B is the ONLY unit in the complex to have a washer/dryer in the unit. Conveniently located to Rt. 29, Stonefield Shopping, UVA, NGIC, and so much more.

23. 2008-03-18
    soldstatus $145,000
24. 2007-10-15
    listed $149,900
25. 2007-03-16
    historical
26. 2006-03-14
    listed $149,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $1,300 · $108/mo
• Projected year-2 tax: $1,538 · $128/mo
• Expected delta: +$238/yr (+$20/mo · 18.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,483
• − Mortgage interest: −$10,503
• − Property taxes: −$1,300
• − Insurance: −$938
• − Repairs & maintenance: −$1,959
• − Management: −$1,959
• − HOA: −$3,444
• − Depreciation: −$5,455
• Taxable loss: −$1,074
• Est. tax savings @ 24.0%: +$258
• After-tax cash flow: $2,118/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Albemarle County Public School District
• NCES district ID: 5100090
• Math proficiency: 66% ▼ -16.00%
• Reading proficiency: 77% ▼ -2.00%
• Median HH income: $67,851
• Composite: 62.28/100
• National rank: #698
• State rank: #14 of 131 in VA

Livability — Charlottesville

• Score: 84/100
• State rank: #27
• US rank: #707

Category grades

Amenities A+ Commute A+ Cost of living D Crime D- Employment B+ Housing B Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Albemarle County · 129,350 people
• City population: 120,202
• Metro: Charlottesville, VA
• Population (ZIP): 37,237
• Household income: $92,145
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 2109.0

Population outlook (Albemarle County) Hauer SSP2

• Today (2025): 119,403 people
• By 2030: 125,829 · +5.4%
• By 2040: 137,705 · +15.3%
• By 2050: 148,058 · +24.0%
• By 2075: 172,223 · +44.2%
• By 2100: 185,628 · +55.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 12% Hispanic / Latino 9% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 12% · Canada, China, South Korea
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Albemarle

• 2024 margin: Solid D (+34.1) · D 66.3% · R 32.2% · Other 1.4%
• 2008→2024 swing: +16.1pp toward D · 2008: 18.0pp · 2024: 34.1pp
• All cycles: 2024: D+34.1 2020: D+33.5 2016: D+25.1 2012: D+12.0 2008: D+18.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -341.65%
• Current HPI: 279.3342
• Rent YoY: ▲ 2.82%
• Metro: Charlottesville, VA
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+28.4% since first listed

10 events — show timeline

• 2026-05-05 Price Changed $192,500 CAAR
• 2026-03-19 Listed $200,000 CAAR
• 2023-06-02 Sold (Public Records) $140,000 Public Records
• 2023-06-01 Sold (MLS) $140,000 CAAR
• 2023-04-09 Pending — CAAR
• 2023-04-04 Listed $145,000 CAAR
• 2008-03-18 Sold (Public Records) $145,000 Public Records
• 2007-10-15 Listed $149,900 CAAR
• 2007-03-16 Listing Removed — CAAR
• 2006-03-14 Listed $149,900 CAAR

Property tax history

+7.6%/yr

Latest (2025): $1,300 · +8.6% YoY. Source: county tax records.