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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% |
Rental property for sale in Palmyra at 7 Spoon Ter, Palmyra, VA, 22963 generates $2,368/mo in rent and, after a $1,786/mo payment, leaves $65/mo in cash flow. Total monthly income is $2,368/mo, and annual cash flow is $775/yr on $120,998 invested. Return on cash invested sits at 20.55% in year one, and rental yield is 7.79% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 106.44% and total cumulative return in cash sums $128,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,368/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.48 Acres lot
$N/A/sqft
$1,464 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 |
|---|---|---|
| 2025-09-16 | Listed for sale | $365,000 |
| 2025-07-16 | Listing removed | $417,000 |
| 2025-07-01 | Price change | $417,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | $2158.95 | N/A | $255,800 | 16.70% |
| 2022-09-16 | N/A | N/A | $219,200 | N/A |
| 2021-09-16 | N/A | N/A | $219,200 | N/A |
Listed by: PEGGY SHANKLIN • LONG & FOSTER - LAKE MONTICELLO
Mls Name: CAAR
Mls Provider:
Mls ID: #669107
