3 Woodridge RdPalmyraVA22963
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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 Woodridge Rd, Palmyra, VA, 22963 priced at $347,900 pairs $2,388/mo rent with $188/mo cash flow after a $1,703/mo payment. Total monthly income equals $2,388/mo, and annual cash flow comes to $2,260/yr on $115,329 invested. Return on cash invested is 21.87% in year one, and rental yield stands at 8.24% on a $347,900 basis. Equity gained on principal adds $2,245/yr, and 5% annual appreciation accumulates to $96,118 by year five. Five-year ROI measures 113.55% and total cumulative return in cash reaches $130,959. For financing, Ziffy Mortgage’s DSCR program evaluates $2,388/mo property income against a $1,703/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
$1,437 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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