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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 188 Jefferson Dr, Palmyra, VA, 22963 priced at $489,900 converts $3,240/mo rent into $207/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $2,485/yr on $162,402 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 7.94% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 111.07% and total cumulative return in cash sums $180,377. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.56 Acres lot
$N/A/sqft
$1,250 annually 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 |
|---|---|---|
| 2024-10-07 | Price change | $489,900 |
| 2024-09-12 | Listed for sale | $499,900 |
| 2014-12-19 | Sold | $307,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-17 | N/A | N/A | $304,500 | N/A |
| 2021-10-17 | N/A | N/A | $304,500 | N/A |
| 2020-10-17 | N/A | N/A | $304,500 | 8.32% |
Listed by: Laurie Partner • REAL ESTATE III, INC.
Mls Name: CAAR
Mls Provider:
Mls ID: #656750
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.
