340 Jefferson Dr, Palmyra, VA, 22963 | $628/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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340 Jefferson Dr, Palmyra, VA, 22963 | $628/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palmyra at 340 Jefferson Dr, Palmyra, VA, 22963 earns $628/mo cash flow from $2,780/mo rent with a $1,762/mo payment. Total monthly income totals $2,780/mo, and annual cash flow totals $7,536/yr on $119,340 capital. ROI tracks 26.22% on current figures, and rental yield reads 9.27% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 136.41% and total cumulative return in cash sums $162,789. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,780/mo property income instead of your personal income.

Single Family

Built in 1992

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained home, perfectly situated in a prime location with convenient access to shopping, dining, and services. Thoughtfully updated and freshly painted, this home offers a graceful blend of style and comfort. The main level features a formal LR and DR, ideal for entertaining, along with a spacious FR, where everyone can gather. The updated kitchen is a true highlight, complete with modern finishes and a charming coffee bar designed for daily enjoyment. Upstairs, 3 comfortable brs provide plenty of space for rest and relaxation. Outside, the large yard is framed by mature trees, offering both serenity and space for outdoor fun. From peaceful mornings on the patio to afternoons filled with play, this backyard is a true retreat. Move-in ready and beautifully decorated, this home combines convenience, comfort, and timeless appeal. Pre Listing Home Inspection Available

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