4 Chip CtPalmyraVA22963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Palmyra at 4 Chip Ct, Palmyra, VA, 22963 listed at $519,000 pairs $3,023/mo rent with a $2,540/mo payment. Total monthly income runs $3,023/mo. Return on cash invested measures 18.57% in year one, and rental yield registers 6.99% at a $519,000 basis. Equity gained on principal adds $3,349/yr, and annual property appreciation at 5% supports $143,390 by year five. Five-year ROI tracks 95.68% and total cumulative return in cash totals $163,377. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,023/mo property income relative to a $2,540/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.39 Acres lot
$N/A/sqft
$1,600 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
