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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 2 Drew Ct, Palmyra, VA, 22963 uses $127,628 cash to close to unlock $465/yr annual cash flow and $39/mo monthly cash flow. Total monthly income runs $2,444/mo, and a $1,884/mo payment keeps the spread at $39/mo. Purchase price stands at $385,000, and rental yield measures 7.62% with $2,444/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 104.88% and total cumulative return in cash records $133,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,444/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.49 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 |
|---|---|---|
| 2025-07-17 | Sold | $385,000 |
| 2025-05-08 | Pending sale | $375,000 |
| 2025-05-06 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $2128.57 | N/A | $252,200 | 17.14% |
| 2022-10-16 | N/A | N/A | $215,300 | N/A |
| 2021-10-16 | N/A | N/A | $215,300 | N/A |
Listed by: MAURY ATKINS • HOWARD HANNA ROY WHEELER REALTY - ZION CROSSROADS
Mls Name: CAAR
Mls Provider:
Mls ID: #664165
