39 Riverside DrPalmyraVA22963
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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
Investment Highlights
Rental property for sale in Palmyra at 39 Riverside Dr, Palmyra, VA, 22963 offers $2,357/mo rent that, after a $1,405/mo payment, leaves $519/mo cash flow. Total monthly income is $2,357/mo, and annual cash flow is $6,229/yr on $95,141 cash. Return on cash invested measures 26.46% in year one, and rental yield stands at 9.86% at a $287,000 entry. Equity gained on principal adds $1,852/yr while 5% annual appreciation compounds into $79,293 by year five. Five-year ROI records 138.27% and total cumulative return in cash reaches $131,554. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,357/mo property income versus a $1,405/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.39 Acres lot
$N/A/sqft
$1,464 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,189
Single Family
7,179
Multi-Family
10
Businesses
227
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Listed by: Peggy Shanklin • LONG & FOSTER - LAKE MONTICELLO
Mls Name: CAAR
Mls Provider:
Mls ID: #661355
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.