243 Wilmington Rd, Palmyra, VA, 22963 | $176/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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243 Wilmington Rd, Palmyra, VA, 22963 | $176/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palmyra at 243 Wilmington Rd, Palmyra, VA, 22963 earns $176/mo cash flow from $1,969/mo rent with a $1,468/mo payment. Total monthly income totals $1,969/mo, and annual cash flow totals $2,113/yr on $99,417 capital. ROI tracks 22.03% on current figures, and rental yield reads 7.88% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 114% and total cumulative return in cash sums $113,332. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,969/mo property income instead of your personal income.

Single Family

Built in 1965

3 Acres lot

$N/A/sqft

No HOA

More details about the property

This well built quad level home has been lovingly cared for by the same family for the past 60 years! You will love all that this property and dwelling have to offer! There are 4 bedrooms, 2 full baths, family room with wood burning fireplace insert, large bright living room, formal dining room, eat-in kitchen, plus an unfinished basement for additional work space & storage! There are beautiful hardwood floors in the bedrooms and plush carpet in the main living areas. Heating is oil-fired baseboard radiators and cooling is 2 window air conditioning units. This charming home is sitting on 3.0 acres with a fenced in back yard, a large storage shed, a carport, and a circular paved driveway. Property, dwelling and out buildings are all being sold in AS-IS. Inspections are welcome but will all be at the expense of the purchaser for information purposes only.

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