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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 4 Carriage Hill Rd, Palmyra, VA, 22963 listed at $385,000 pairs $2,743/mo rent with a $1,884/mo payment to leave $442/mo cash flow. Total monthly income runs $2,743/mo, and annual cash flow reaches $5,303/yr on $127,628 cash to close. Return on cash invested measures 24.06% in year one, and rental yield registers 8.55% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 124.83% and total cumulative return in cash totals $159,322. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,743/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.55 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 |
|---|---|---|
| 2024-10-08 | Listed for sale | $385,000 |
| 2024-09-04 | Listing removed | $395,000 |
| 2024-08-29 | Listed for sale | $395,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | N/A | N/A | $234,300 | N/A |
| 2021-11-11 | N/A | N/A | $234,300 | N/A |
| 2020-11-11 | N/A | N/A | $234,300 | 25.76% |
Listed by: Jen Sample • LONG & FOSTER - LAKE MONTICELLO
Mls Name: CAAR
Mls Provider:
Mls ID: #656274
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.
