40 Riverside Drive 48/6 #LMPalmyraVA22963
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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
Investment property for sale in Palmyra at 40 Riverside Drive 48/6 #LM, Palmyra, VA, 22963 offers a 9% rental yield on a $330,225 purchase with $2,477/mo rent. Total monthly income registers $2,477/mo, and a $1,616/mo payment leaves $400/mo available for distribution. Annual cash flow reaches $4,801/yr on $109,470 to close, and return on cash invested stands at 24.29% in year one. Equity gained on principal adds $2,131/yr while 5% annual appreciation supports $91,235 over five years. Portfolio math shows five-year ROI at 126.52% and total cumulative return in cash at $138,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,477/mo property income against a $1,616/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
$1,238 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: Susan Stewart • HOWARD HANNA ROY WHEELER REALTY - ZION CROSSROADS
Mls Name: CAAR
Mls Provider:
Mls ID: #655006
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.