








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 31 Oak Grove Rd, Palmyra, VA, 22963 offers a 7.2% rental yield on a $415,000 purchase with $2,490/mo rent. 93% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 97.69% and total cumulative return in cash at $134,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,490/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.44 Acres lot
$N/A/sqft
$1,459 annually 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 |
|---|---|---|
| 2025-06-26 | Sold | $415,000 |
| 2025-05-19 | Pending sale | $425,000 |
| 2025-05-08 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-19 | $2522.72 | N/A | $298,900 | 2.61% |
| 2022-10-19 | N/A | N/A | $291,300 | N/A |
| 2021-10-19 | N/A | N/A | $291,300 | 9.97% |



Listed by: TAYLOR AVERITTE • NEST REALTY GROUP
Mls Name: CAAR
Mls Provider:
Mls ID: #664275