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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% |
Investment property for sale in Palmyra at 9 Sassafras Rd, Palmyra, VA, 22963 uses $202,335 cash to close to unlock $7,988/yr annual cash flow and $666/mo monthly cash flow. Total monthly income runs $4,445/mo, and a $3,010/mo payment keeps the spread at $666/mo. Purchase price stands at $615,000, and rental yield measures 8.67% with $4,445/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 124.74% and total cumulative return in cash records $252,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,445/mo property income covering a $3,010/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.53 Acres lot
$N/A/sqft
$1,237 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 |
|---|---|---|
| 2024-10-21 | Price change | $615,000 |
| 2024-10-01 | Price change | $630,000 |
| 2024-09-21 | Listed for sale | $645,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nick Harlowe • OPENING DOORS REAL ESTATE
Mls Name: CAAR
Mls Provider:
Mls ID: #657079
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.
