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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 3147 Ridge Rd, Palmyra, VA, 22963 offers a 8.54% rental yield on a $205,000 purchase with $1,459/mo rent. Total monthly income registers $1,459/mo, and a $1,003/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,807/yr on $67,958 to close, and return on cash invested stands at 24.04% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 124.71% and total cumulative return in cash at $84,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,459/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
2.59 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 |
|---|---|---|
| 2025-04-01 | Listed for sale | $205,000 |
| 2004-07-30 | Sold | $109,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $999.30 | N/A | $118,400 | 9.83% |
| 2022-04-02 | N/A | N/A | $107,800 | N/A |
| 2021-04-02 | N/A | N/A | $107,800 | N/A |
Listed by: Ruth Delong • MONTAGUE, MILLER & CO. - WESTFIELD
Mls Name: CAAR
Mls Provider:
Mls ID: #662567
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.
