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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 Palmyra at 104 Riva Way, Palmyra, VA, 22963 with 5% annual appreciation on a $329,690 basis while $2,970/mo rent supports operations. Total monthly income totals $2,970/mo and a $1,614/mo payment preserves $999/mo for cash returns. Annual cash flow comes to $11,986/yr on $109,292 deployed, and return on cash invested reaches 30.88% in year one. Equity gained on principal adds $2,127/yr, and five-year appreciation sums $91,087 alongside rental yield of 10.81%. Five-year ROI measures 161.38% and total cumulative return in cash totals $176,373.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,970/mo property income versus a $1,614/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22963, Palmyra, VA area.
| 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 |
Residential
7,189
Single Family
7,179
Multi-Family
10
Businesses
227
Date | Event | Price |
|---|---|---|
| 2024-10-21 | Listed for sale | $329,690 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tracey Mcfarlane • RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #658071
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.
