29 Choctaw PlPalmyraVA22963
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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
Investment property for sale in Palmyra at 29 Choctaw Pl, Palmyra, VA, 22963 uses $117,649 cash to close to unlock $10,986/yr annual cash flow and $916/mo monthly cash flow. Total monthly income runs $3,037/mo, and a $1,737/mo payment keeps the spread at $916/mo. Purchase price stands at $354,900, and rental yield measures 10.27% with $3,037/mo rent. Return on cash invested shows 29.25% in year one, and 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 152.64% and total cumulative return in cash records $179,584. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,037/mo property income covering a $1,737/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.34 Acres 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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