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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Palmyra at 3046 Hells Bend Rd, Palmyra, VA, 22963 earns $261/mo cash flow from $2,650/mo rent with a $1,956/mo payment. Total monthly income totals $2,650/mo, and annual cash flow totals $3,132/yr on $132,501 capital. ROI tracks 22.27% on current figures, and rental yield reads 7.96% at a $399,700 purchase. Equity gained on principal adds $2,579/yr, and 5% annual appreciation supports $110,430 over five years. Five-year ROI reaches 115.23% and total cumulative return in cash sums $152,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,650/mo property income instead of your personal income.
Single Family
Built in 1997
10.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 22963, Palmyra, VA area.
| 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 |
Residential
7,189
Single Family
7,179
Multi-Family
10
Businesses
227
Date | Event | Price |
|---|---|---|
| 2024-10-05 | Price change | $399,700 |
| 2024-09-02 | Price change | $432,700 |
| 2024-08-05 | Price change | $469,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2017-11-11 | $3351.92 | N/A | $118,600 | 3.49% |
| 2016-11-11 | $3351.92 | N/A | $114,600 | N/A |
| 2015-11-11 | $3351.92 | 10.69% | $114,600 | 2.87% |
Listed by: Chelsea Newcomb • Lake and Country Realty, LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2417613
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
