896 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
Investment property for sale in Palmyra at 896 Jefferson Dr, Palmyra, VA, 22963 uses $104,091 cash to close to unlock $2,992/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $2,232/mo, and a $1,537/mo payment keeps the spread at $249/mo. Purchase price stands at $314,000, and rental yield measures 8.53% with $2,232/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $86,752 over five years. Five-year ROI reaches 118.45% and total cumulative return in cash records $123,291. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,232/mo property income covering a $1,537/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.27 Acres lot
$N/A/sqft
$1,266 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: Cynthia Mylynne • MONTICELLO COUNTRY REAL ESTATE, INC.
Mls Name: CAAR
Mls Provider:
Mls ID: #656502
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.