Chesapeake Plan, High Point, Palmyra, VA, 22963 | $907/mo Cash Flow

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Chesapeake Plan, High Point, Palmyra, VA, 22963 | $907/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Palmyra at Chesapeake Plan, High Point, Palmyra, VA, 22963 generates $2,802/mo in rent and, after a $1,552/mo payment, leaves $907/mo in cash flow. Total monthly income is $2,802/mo, and annual cash flow is $10,879/yr on $105,086 invested. Return on cash invested sits at 30.26% in year one, and rental yield is 10.61% on a $317,000 entry. Equity gained on principal adds $2,046/yr, while 5% annual appreciation builds toward $87,581 over five years. Five-year ROI reaches 158.1% and total cumulative return in cash sums $166,137. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,802/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

A Liberty Homes Favorite! This plan has everything you want at the price you want it. Many elevations to choose from, a kitchen with a bartop, dining room, great room and 3 bedrooms upstairs.

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