4 Highland Rd, Palmyra, VA, 22963 | 5.36% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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4 Highland Rd, Palmyra, VA, 22963 | 5.36% 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

Total monthly income runs $1,654/mo, and a $1,811/mo payment. Purchase price stands at $370,000, and rental yield measures 5.36% with $1,654/mo rent. Return on cash invested shows 14.45% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 73.33% and total cumulative return in cash records $89,945. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,654/mo property income covering a $1,811/mo payment rather than investor’s personal income.

Single Family

Built in 2006

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Well maintained and updated colonial with two car garage on .34 acres near Beach 4 in the Lake Monticello community. *** The main level features the Primary Suite with tray ceiling and en-suite Primary Bathroom and large walk-in closet, first floor study/office/potential 5th bedroom, two story family room with gas fireplace, dining room, kitchen with amazing granite countertops, laundry room, powder room, two car garage with extra tall ceilings, plus a large screened-in-porch and open deck area off the rear of the home. *** The upper level features three additional bedrooms and additional full bathroom. *** The backyard provides a place for various activities and has a large shed for storage, a workshop, etc. There is additional storage in the crawl space underneath the main level. *** Nestled peacefully on a non-through street less than one mile from Beach 4 in the amazing Lake Monticello community, which features a 352 acre lake, full-service marina, swimming and beach facilities, golf, dining, clubhouses, community spaces, recreational and sports facilities, trails, and more, with secure access to the community via one of two gates.

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