3 Par CtPalmyraVA22963
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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 3 Par Ct, Palmyra, VA, 22963 priced at $279,500 pairs $1,919/mo rent with $143/mo cash flow after a $1,368/mo payment. Total monthly income equals $1,919/mo, and annual cash flow comes to $1,712/yr on $92,654 invested. Return on cash invested is 21.76% in year one, and rental yield stands at 8.24% on a $279,500 basis. Equity gained on principal adds $1,804/yr, and 5% annual appreciation accumulates to $77,221 by year five. Five-year ROI measures 112.98% and total cumulative return in cash reaches $104,684. For financing, Ziffy Mortgage’s DSCR program evaluates $1,919/mo property income against a $1,368/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.39 Acres lot
$N/A/sqft
$1,267 annually 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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Listed by: Vicki Wilson • MONTICELLO COUNTRY REAL ESTATE, INC.
Mls Name: CAAR
Mls Provider:
Mls ID: #656281
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.