52 Riverside Dr, Palmyra, VA, 22963 | $828/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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52 Riverside Dr, Palmyra, VA, 22963 | $828/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 52 Riverside Dr, Palmyra, VA, 22963 generates $2,436/mo in rent and, after a $1,317/mo payment, leaves $828/mo in cash flow. Total monthly income is $2,436/mo, and annual cash flow is $9,931/yr on $89,174 invested. Return on cash invested sits at 31.05% in year one, and rental yield is 10.87% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 162.3% and total cumulative return in cash sums $144,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,436/mo property income rather than buyer’s personal income.

Single Family

Built in 1996

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Great home in a Lake community. In excellent shape to move right in. This charming 3-bedroom, 2-bath home offers 1260 square feet of main-level living on a 0.35-acre lot inside the gated Lake Monticello community. The light-filled layout features a comfortable living room, an eat-inkitchen, and three bedrooms, all on one level for easy convenience. Outside, enjoy a private, tree-shaded yard with plenty of space for gardening, play, or relaxing. With access to Lake Monticellos amenitiesincluding beaches, boating, golf, tennis, and walkingtrailsthis property is perfect for a first-time buyer, downsizer, or investor. This wont last long.

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