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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 542 Jefferson Dr, Palmyra, VA, 22963 uses $125,970 cash to close to unlock $585/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,860/mo payment keeps the spread at $49/mo. Purchase price stands at $380,000, and rental yield measures 7.66% with $2,426/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash records $132,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.38 Acres lot
$N/A/sqft
$1,267 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 |
|---|---|---|
| 2024-10-10 | Listed for sale | $380,000 |
| 2019-07-31 | Sold | $219,150 |
| 2019-04-19 | Listing removed | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-17 | N/A | N/A | $201,400 | N/A |
| 2021-10-17 | N/A | N/A | $201,400 | N/A |
| 2020-10-17 | N/A | N/A | $201,400 | 18.96% |
Listed by: Tele Jenifer • Real Estate III
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427142
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
