503 Jefferson Dr, Palmyra, VA, 22963 | 5.16% Rental Yield

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503 Jefferson Dr, Palmyra, VA, 22963 | 5.16% Rental Yield | 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

Investment property for sale in Palmyra at 503 Jefferson Dr, Palmyra, VA, 22963 offers a 5.16% rental yield on a $374,900 purchase with $1,613/mo rent. 84% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 70.03% and total cumulative return in cash at $87,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,613/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2000

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover the potential in this spacious 4-bedroom, 2.5-bath home perfectly positioned for convenience and comfort inside the gated Lake Monticello community. Just seconds from the Monish Gate, this property offers an easy commute while providing all the perks of lake living beaches, pool, golf, and more. Step inside to find multiple living areas, including a front sitting room, a formal dining room, and a large living room with fireplace that opens to the kitchen ideal for gatherings and everyday life. The home also features front porch and back decks, perfect for morning coffee or evening relaxation surrounded by mature trees. The home has endless potential to become your dream retreat and has a single car garage equipped with a mini split air conditioning unit. With a thoughtful layout, generous square footage, and a great location, its ready for your personal touch! Enjoy all that Lake Monticello has to offer gated security, community beaches, golf, tennis, pool, restaurants, and more just a short drive to Charlottesville, Zion Crossroads, and local conveniences.

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