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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 16 E Point Rd, Palmyra, VA, 22963 offers $2,033/mo rent that, after a $1,640/mo payment. Total monthly income is $2,033/mo. Return on cash invested measures 18.87% in year one, and rental yield stands at 7.28% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 97.54% and total cumulative return in cash reaches $108,320. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,033/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.34 Acres lot
$N/A/sqft
$126 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $335,000 |
| 2019-07-25 | Sold | $185,000 |
| 2019-04-08 | Price change | $184,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-29 | $1809.54 | N/A | $214,400 | 16.40% |
| 2022-06-29 | N/A | N/A | $184,200 | N/A |
| 2021-06-29 | N/A | N/A | $184,200 | N/A |
Listed by: CASEY L WOODZELL • LONG & FOSTER - CHARLOTTESVILLE
Mls Name: CAAR
Mls Provider:
Mls ID: #666263
