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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% |
Rental property for sale in Palmyra at 131 Country Creek Way, Palmyra, VA, 22963 priced at $635,000 converts $4,091/mo rent into $295/mo cash flow after a $3,108/mo obligation. Total monthly income equals $4,091/mo, and annual cash flow totals $3,541/yr on $208,915 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 7.73% against a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation compiles into $175,439 by year five. Five-year ROI reaches 112.45% and total cumulative return in cash sums $234,920. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,091/mo property income covering a $3,108/mo payment, not borrower’s personal income.
Single Family
Built in 2004
2.84 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 |
|---|---|---|
| 2025-03-28 | Listed for sale | $635,000 |
| 2023-05-19 | Sold | $560,000 |
| 2023-04-22 | Pending sale | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-31 | $4009.84 | N/A | $475,100 | 15.71% |
| 2022-03-31 | N/A | N/A | $410,600 | N/A |
| 2021-03-31 | N/A | N/A | $410,600 | N/A |
Listed by: Yvette Okros • AVENUE REALTY, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #662473
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.
