








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Palmyra at 5 Choctaw Place 223/10 #LM, Palmyra, VA, 22963 offers a 7.76% rental yield on a $411,946 purchase with $2,664/mo rent. Total monthly income registers $2,664/mo, and a $2,016/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,183/yr on $136,560 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $2,658/yr while 5% annual appreciation supports $113,813 over five years. Portfolio math shows five-year ROI at 107.55% and total cumulative return in cash at $146,866. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,664/mo property income against a $2,016/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.37 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 |
|---|---|---|
| 2024-10-18 | Price change | $411,946 |
| 2024-04-16 | Pending sale | $409,316 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Susan Stewart • HOWARD HANNA ROY WHEELER REALTY - ZION CROSSROADS
Mls Name: CAAR
Mls Provider:
Mls ID: #651768
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.