4 Xebec Rd, Palmyra, VA, 22963 | $591/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4 Xebec Rd, Palmyra, VA, 22963 | $591/mo Cash Flow | 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 4 Xebec Rd, Palmyra, VA, 22963 generates $3,131/mo in rent and, after a $2,080/mo payment, leaves $591/mo in cash flow. Total monthly income is $3,131/mo, and annual cash flow is $7,087/yr on $140,888 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 8.84% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 129.55% and total cumulative return in cash sums $182,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,131/mo property income rather than buyer’s personal income.

Single Family

Built in 1996

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

JUST LISTED!! This is a lovely colonial home featuring tons of space to spread around! 4 bedrooms, a huge bonus room room, a fully fenced-in level yard with wooded privacy, a screened porch perfect for evening dinners, covered front porch with swing, and large deck that runs almost the entire length of the home. Get cozy next to the woodburning fireplace with a gorgeous floor-to-ceiling stone fireplace. Plenty of versatile space in both the living room and family room. A spacious kitchen with island, gas cooking, lazy susan, eat-in area, and adjacent formal dining room. Main level laundry with shelving and deep pantry room. Primary bedroom with walk-in closet, brand new tile floors, double vanity, large tub, linen closet and brand new solid hardwood floors. Solid hardwood floors, new carpet and new luxury vinyl plank and natural wood trim. Bonus room with additional storage in the eaves with mini split (2023). New architectural shingle roof less than 5 years. Dual zone HVAC system (2020/2018). Large garage perfect for workshop featuring mini split (2023), storage and pedestrian door. This is an excellent opportunity. Located within close proximity to Beach 4, Monish Gate, Turkeysag Gate and the Fishing Pond.

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