3590 Mountain Hill Rd, Palmyra, VA, 22963 | 6.88% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3590 Mountain Hill Rd, Palmyra, VA, 22963 | 6.88% Rental Yield | 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

Rental property for sale in Palmyra at 3590 Mountain Hill Rd, Palmyra, VA, 22963 generates $2,207/mo in rent, after a $1,884/mo payment. Total monthly income is $2,207/mo. Return on cash invested sits at 19.02% in year one, and rental yield is 6.88% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 97.81% and total cumulative return in cash sums $124,834. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,207/mo property income rather than buyer’s personal income.

Single Family

Built in 2004

4.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful brick ranch with loads of opportunity. Looking for a home that could be a mini-farm, mini estate, home business, or with room to grow? This rural yet convenient location offers over 3 acres of open land with numerous options. Inside, the main level home offers large living space with cathedral ceilings, a large dining room also with a bay window and cathedral ceiling, large eat in kitchen and 3 bedrooms and 2 baths. The enormous Primary suite offers a luxurious bathroom and not 1 but 2 large walk in closets and a bay window. Loads of natural light fills this home and gives it a warm feeling. The basement features tall ceilings, numerous windows, rough in and a wood stove that will heat the whole house. Offering privacy, yet convenience to Zions Xroads. $10,000 CC allowance with acceptable offer.

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