214 Horse Path LnPalmyraVA22963
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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
Investment Highlights
Rental property for sale in Palmyra at 214 Horse Path Ln, Palmyra, VA, 22963 generates $2,970/mo in rent and, after a $1,175/mo payment, leaves $1,535/mo in cash flow. Total monthly income is $2,970/mo, and annual cash flow is $18,420/yr on $79,560 invested. Return on cash invested sits at 43.06% in year one, and rental yield is 14.85% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 226.71% and total cumulative return in cash sums $180,374. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,970/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
1,742 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,189
Single Family
7,179
Multi-Family
10
Businesses
227
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