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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 15 Locks Ct, Palmyra, VA, 22963 priced at $470,000 converts $3,414/mo rent into $495/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,414/mo, and annual cash flow totals $5,938/yr on $155,805 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 8.72% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 123.3% and total cumulative return in cash sums $192,105. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,414/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.74 Acres lot
$N/A/sqft
$110 monthly 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 |
|---|---|---|
| 2024-09-30 | Price change | $470,000 |
| 2024-09-20 | Listed for sale | $490,000 |
| 2024-09-20 | Listing removed | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-17 | N/A | N/A | $361,700 | N/A |
| 2021-10-17 | N/A | N/A | $361,700 | N/A |
| 2020-10-17 | N/A | N/A | $361,700 | 19.81% |
Listed by: Sarah Monceaux • AVENUE REALTY, LLC
Mls Name: CAAR
Mls Provider:
Mls ID: #657040
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.
