205 Lexie Ln, Palmyra, VA, 22963 | $367/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

205 Lexie Ln, Palmyra, VA, 22963 | $367/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2299 sft

8954 Langhorne Rd, Esmont, VA, 22937

5 Bed
4 Bath
3100 sft

6-4 Jefferson Mill Rd #1, Scottsville, VA, 24590

3 Bed
3 Bath
3305 sft

6670 Scottsville Rd, Scottsville, VA, 24590

5 Bed
4 Bath
3867 sft

7930 Old Green Mountain Rd, Esmont, VA, 22937

Nearby investment properties with comparable prices

4 Bed
3 Bath
3900 sft

3023 Alberene Church Ln, Esmont, VA, 22937

3 Bed
3 Bath
2196 sft

4120 Green Creek Rd, Schuyler, VA, 22969

4 Bed
4 Bath
2674 sft

2420 James River Rd, Esmont, VA, 22937

5 Bed
4 Bath
5268 sft

1208 Manteo Rd, Buckingham, VA, 23921

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Palmyra at 205 Lexie Ln, Palmyra, VA, 22963 generates $3,948/mo in rent and, after a $2,932/mo payment, leaves $367/mo in cash flow. Total monthly income is $3,948/mo, and annual cash flow is $4,405/yr on $197,071 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 7.91% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 115.34% and total cumulative return in cash sums $227,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,948/mo property income rather than buyer’s personal income.

Single Family

Built in 2011

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into the impressive entryway featuring vaulted ceilings, a grand staircase & beautiful hardwood floors. The updated kitchen features granite countertops, white cabinets, a double oven and SS appliances. Seamlessly transition into the family room, highlighted by a stunning stone fireplace. For casual dining, the kitchen offers both a breakfast bar & generous eat-in area that opens to a beautiful Trex deckperfect for outdoor entertaining. For a more formal setting, a separate dining room is conveniently located off the kitchen, leading into a versatile living room that the current owners use as an office. Upstairs you will find an expansive primary bedroom with a luxurious en-suite bathroom & double-walk-in closets, as well as four additional spacious bedrooms--each with abundant closet space. Need more room? The lower level features 670 square feet of finished space & 670 unfinished, providing endless possibilities for a playroom, gym, media room, craft area, office & more. With almost 4,000 square feet of living space, a fully fenced backyard & nearly level lot in the tranquil & sought-after Sycamore Square neighborhood, this property is a rare find & priced to sell at nearly its tax assessment! Don't miss this opportunity!

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