6 Condor RdPalmyraVA22963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Palmyra at 6 Condor Rd, Palmyra, VA, 22963 priced at $485,000 converts $3,652/mo rent into $631/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,652/mo, and annual cash flow totals $7,571/yr on $160,778 invested. Return on cash invested prints 24.62% in year one, and rental yield reads 9.04% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 128.14% and total cumulative return in cash sums $206,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,652/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.36 Acres lot
$N/A/sqft
$1,460 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
