449 Jefferson Dr, Palmyra, VA, 22963 | $589/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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449 Jefferson Dr, Palmyra, VA, 22963 | $589/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 449 Jefferson Dr, Palmyra, VA, 22963 priced at $371,900 converts $2,812/mo rent into $589/mo cash flow after a $1,820/mo obligation. Total monthly income equals $2,812/mo, and annual cash flow totals $7,069/yr on $123,285 invested. Return on cash invested prints 25.64% in year one, and rental yield reads 9.07% against a $371,900 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation compiles into $102,749 by year five. Five-year ROI reaches 133.34% and total cumulative return in cash sums $164,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,812/mo property income covering a $1,820/mo payment, not borrower’s personal income.

Single Family

Built in 2001

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated 3 bedroom home with back door access to Tufton Pond. This home features restored hardwood floors in the living room, kitchen and dining rooms, a completely remodeled kitchen to include all new cabinetry, quartz countertops, brand new appliances and Italian tile back splash. The main level also includes a freshly carpeted family room and half bath. The second level includes fresh carpet in the primary bedroom, updated dual vanity in the primary bath, two more generous bedrooms with fresh carpet and an absolutely beautifully redone second full bath. The entire interior has been freshly painted and new light/fan fixtures added. The unfinished walkout basement is ready to be finished into additional living space including the rough in for an additional full bath. The large rear deck and lower level offer easy access to the fully fenced back yard which provides easy access to the Tufton fishing Pond. Located near the Monish gate, this home also offers a quick commute into town. This home is ready for a new owner! Quick closing possible.

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