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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% |
Rental property for sale in Palmyra at 41 Colonial Rd, Palmyra, VA, 22963 priced at $491,000 pairs $3,367/mo rent with $329/mo cash flow after a $2,403/mo payment. Total monthly income equals $3,367/mo, and annual cash flow comes to $3,947/yr on $162,767 invested. Return on cash invested is 22.33% in year one, and rental yield stands at 8.23% on a $491,000 basis. Equity gained on principal adds $3,168/yr, and 5% annual appreciation accumulates to $135,654 by year five. Five-year ROI measures 115.84% and total cumulative return in cash reaches $188,546. For financing, Ziffy Mortgage’s DSCR program evaluates $3,367/mo property income against a $2,403/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.51 Acres lot
$N/A/sqft
$1,238 annually 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 |
|---|---|---|
| 2024-09-25 | Price change | $491,000 |
| 2024-09-06 | Listed for sale | $497,300 |
| 2024-08-22 | Pending sale | $497,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-11-11 | N/A | N/A | $284,600 | N/A |
| 2021-11-11 | N/A | N/A | $284,600 | N/A |
| 2020-11-11 | N/A | N/A | $284,600 | 18.73% |
Listed by: Iris Helfrich • MONTICELLO COUNTRY REAL ESTATE, INC.
Mls Name: CAAR
Mls Provider:
Mls ID: #655506
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.
