12 Amethyst Rd, Palmyra, VA, 22963 | $615/mo Cash Flow

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12 Amethyst Rd, Palmyra, VA, 22963 | $615/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

Rental property for sale in Palmyra at 12 Amethyst Rd, Palmyra, VA, 22963 priced at $425,000 converts $3,155/mo rent into $615/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,155/mo, and annual cash flow totals $7,375/yr on $140,888 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 8.91% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 130.64% and total cumulative return in cash sums $184,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,155/mo property income covering a $2,080/mo payment, not borrower’s personal income.

Single Family

Built in 1992

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Step inside this spacious, contemporary home filled with soaring vaulted ceilings and plenty of natural light that create an airy, welcoming atmosphere. The inviting great room features a stone fireplace and expansive windows that seem to bring the outdoors in. Updates include new flooring on the main level, new carpet on the upper level, and an updated kitchen with new cabinets, quartz countertops, new back splash, and stainless appliances. The main level bath has been luxuriously updated with a large soaking tub and stylish new tile. A versatile loft space overlooks the great room, perfect for a home office, playroom, or flex area. The finished basement offers a large family/multi-purpose room, a full bath, and plenty of room to spread out. Outdoor living is just as inviting with two large decks, a screened porch, a partially fenced yard perfect for pets, and even an outdoor shower for rinsing off after a day a the beach. Whether relaxing or entertaining, there's plenty of space to enjoy inside and out. Located just a short walk from Beach 3 and the golf course, this home offers the perfect blend of comfort, style, and convenience.

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