841 Jefferson DrPalmyraVA22963
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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
Investment Highlights
Rental property for sale in Palmyra at 841 Jefferson Dr, Palmyra, VA, 22963 priced at $325,000 converts $2,669/mo rent into $620/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,669/mo, and annual cash flow totals $7,444/yr on $107,738 invested. Return on cash invested prints 26.82% in year one, and rental yield reads 9.85% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 140.06% and total cumulative return in cash sums $150,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,669/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.31 Acres lot
$N/A/sqft
$1,267 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
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Listed by: Sasha Tripp • STORY HOUSE REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #661743
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.