1566 Georges Mill Rd, Palmyra, VA, 22963 | 4.63% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1566 Georges Mill Rd, Palmyra, VA, 22963 | 4.63% Rental Yield | Ziffy

For Sale

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

Investment property for sale in Palmyra at 1566 Georges Mill Rd, Palmyra, VA, 22963 offers a 4.63% rental yield on a $695,000 purchase with $2,680/mo rent. 32% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 61.85% and total cumulative return in cash at $141,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,680/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1932

82.98 Acres lot

$N/A/sqft

No HOA

More details about the property

Step back in time and imagine the possibilities of this charming Craftsman-style home, brimming with character and awaiting your vision. Offered with 2 adjacent parcelsone 4 acres and the other 79 acrestotaling nearly 83 acres of stunning Central Virginia landscape. This rare offering is perfect for multigenerational living, investment, or creating a private compound. This historic gem features original pine floors, soaring 9' ceilings, solid wood doors, and room to expand in the unfinished attic. Whether you're looking to restore a classic home to its former glory or design a custom homestead, the potential here is endless. The land is equally captivatinggraced with 100+ year-old trees, numerous persimmon trees, several walnut trees, a pecan tree, a tranquil pond, flowing creek, and rolling pastures once used for cattle. With ample space for gardens, livestock, or vineyards, this property is ideal for farming, sustainable living, or simply enjoying the beauty and privacy of the countryside. 30 minutes to Charlottesville, 50 minutes to Richmond, and only 20 minutes to Zion Crossroads. Bring your imagination and make it your own!

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