348 Arrow Head Ln, Palmyra, VA, 22963 | 7.04% Rental Yield

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348 Arrow Head Ln, Palmyra, VA, 22963 | 7.04% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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Chesapeake Plan, High Point, Palmyra, VA, 22963

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 348 Arrow Head Ln, Palmyra, VA, 22963 at $319,900 posts ROI 19.52% with from $1,878/mo rent. Total monthly income equals $1,878/mo. Return on cash invested measures 19.52% and rental yield reads 7.04% at the current $319,900. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 by year five. Five-year ROI prints 100.49% and total cumulative return in cash totals $106,568. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,878/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1978

7.42 Acres lot

$N/A/sqft

No HOA

More details about the property

THE PERFECT FIRST FARM. Currently operating as an animal sanctuary, This property has tons of potential and offers the perfect opportunity for a first farm or private get away. Nestled in the middle of Fluvanna County, this property has over 7 acres of country living including outbuildings and a multiple stall run in shed. A private electric gate keeps the animals safe and allows for free run. The Quaint cottage offers an open living floor plan, recently remodeled kitchen, all new windows and 2016 replacement of the HVAC. Please understand this is a working sanctuary. Some photos are staged. Sellers are in the process of moving animals.

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