5 Chatham LnPalmyraVA22963
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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 5 Chatham Ln, Palmyra, VA, 22963 with 5% annual appreciation on a $340,000 basis while $3,180/mo rent supports operations. Total monthly income totals $3,180/mo and a $1,664/mo payment preserves $1,044/mo for cash returns. Annual cash flow comes to $12,534/yr on $112,710 deployed, and return on cash invested reaches 31.03% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 11.22%. Five-year ROI measures 162.6% and total cumulative return in cash totals $183,270.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,180/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.33 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: Keith Smith • YES REALTY PARTNERS
Mls Name: CAAR
Mls Provider:
Mls ID: #662148
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.