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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% |
Investment property for sale in Palmyra at 16 Oak Grove Rd, Palmyra, VA, 22963 listed at $619,900 pairs $3,244/mo rent with a $3,034/mo payment. Total monthly income runs $3,244/mo. Return on cash invested measures 17.34% in year one, and rental yield registers 6.28% at a $619,900 basis. Equity gained on principal adds $4,000/yr, and annual property appreciation at 5% supports $171,267 by year five. Five-year ROI tracks 88.79% and total cumulative return in cash totals $181,088. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,244/mo property income relative to a $3,034/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.62 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 |
|---|---|---|
| 2025-03-13 | Listed for sale | $619,900 |
| 2019-02-21 | Sold | $295,900 |
| 2014-12-09 | Sold | $345,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-14 | $3251.09 | N/A | $385,200 | 19.00% |
| 2022-03-14 | N/A | N/A | $323,700 | N/A |
| 2021-03-14 | N/A | N/A | $323,700 | N/A |
Listed by: Matt White • REDFIN CORPORATION
Mls Name: CAAR
Mls Provider:
Mls ID: #661678
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.
