1 Old Fork LnPalmyraVA22963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Palmyra at 1 Old Fork Ln, Palmyra, VA, 22963 with 5% annual appreciation on a $384,900 basis while $2,970/mo rent supports operations. Total monthly income totals $2,970/mo and a $1,884/mo payment preserves $669/mo for cash returns. Annual cash flow comes to $8,028/yr on $127,594 deployed, and return on cash invested reaches 26.2% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,341 alongside rental yield of 9.26%. Five-year ROI measures 136.34% and total cumulative return in cash totals $173,967.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,970/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 22963, Palmyra, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,330 (100%) |
| Owner Occupied HU | 6,070 (82.8%) |
| Renter Occupied HU | 755 (10.3%) |
| Vacant Housing Units | 505 ( 6.9%) |
| Median Home Value | $328,349 |
| Average Home Value | $376,623 |
Housing Distribution
Address Breakdown
Residential
7,189
Single Family
7,179
Multi-Family
10
Businesses
227
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices