118 Jefferson Dr, Palmyra, VA, 22963 | $664/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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3 Piedmont Ln, Palmyra, VA, 22963

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

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Investment Highlights

Investment property for sale in Palmyra at 118 Jefferson Dr, Palmyra, VA, 22963 at $246,500 posts ROI 29.66% with $664/mo cash flow from $2,234/mo rent. Total monthly income equals $2,234/mo, and annual cash flow records $7,968/yr on $81,715 to close. Return on cash invested measures 29.66% and rental yield reads 10.88% at the current $246,500. Equity gained on principal adds $1,591/yr, and 5% annual appreciation supports $68,103 by year five. Five-year ROI prints 155.36% and total cumulative return in cash totals $126,951.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,234/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1988

0.44 Acres lot

$N/A/sqft

$97 monthly 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