601 Middle Fork Rd, Palmyra, VA, 22963 | $414/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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601 Middle Fork Rd, Palmyra, VA, 22963 | $414/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

Investment property for sale in Palmyra at 601 Middle Fork Rd, Palmyra, VA, 22963 uses $140,888 cash to close to unlock $4,963/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $2,954/mo, and a $2,080/mo payment keeps the spread at $414/mo. Purchase price stands at $425,000, and rental yield measures 8.34% with $2,954/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 121.45% and total cumulative return in cash records $171,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,954/mo property income covering a $2,080/mo payment rather than investor’s personal income.

Single Family

Built in 2021

25.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Fresh air, open skies, and a home that has it all! Escape to the peace and privacy of country living with this charming 2021-built ranch on over 25 acres in scenic Virginia. The open-concept layout features a lovely kitchen with abundant cabinetry, a center island, stainless appliances, and a butlers pantry. The remodeled primary ensuite boasts double vanities, generous cabinetry, and a beautiful tiled shower with a wall of glass. Enjoy the spacious family/game room, featuring a granite wet bar, wine fridge, and fireplace flanked by built-in storage. LVP floors flow throughout the home. Relax on the cozy front porch or the expansive covered rear porch overlooking nature. With four bedrooms, two baths, new systems, energy-efficient construction, and low-maintenance finishes, this home offers the perks of new without the wait. Located near Palmyra and convenient to Charlottesville and Richmond, your dream of rural elegance begins here. Schedule your private tour today! Some pictures have been virtually staged.

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