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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 8 Sand Trap Ter, Palmyra, VA, 22963 generates $2,936/mo in rent, after a $2,447/mo payment. Total monthly income is $2,936/mo. Return on cash invested sits at 19.53% in year one, and rental yield is 7.05% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 100.53% and total cumulative return in cash sums $166,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,936/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
0.39 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: PEGGY SHANKLIN • LONG & FOSTER - LAKE MONTICELLO
Mls Name: Long & Foster Broker Feed
Mls ID: #669017
