LOT 16 Derosa Ct, Palmyra, VA, 22963 | $1,048/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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LOT 16 Derosa Ct, Palmyra, VA, 22963 | $1,048/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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0 Union Church Rd, Palmyra, VA, 22963

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

Investment property for sale in Palmyra at LOT 16 Derosa Ct, Palmyra, VA, 22963 offers a 10.6% rental yield on a $366,765 purchase with $3,240/mo rent. Total monthly income registers $3,240/mo, and a $1,795/mo payment leaves $1,048/mo available for distribution. Annual cash flow reaches $12,572/yr on $121,583 to close, and return on cash invested stands at 30.25% in year one. Equity gained on principal adds $2,367/yr while 5% annual appreciation supports $101,330 over five years. Portfolio math shows five-year ROI at 158.01% and total cumulative return in cash at $192,117. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $1,795/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

To Be Built and photos are similar to a completed Malibu Plan. This home is located on a cul-de-sac lot that is just under 1/2 acre and features a covered front porch w/ 8" stained columns and vinyl rails, 1st floor primary suite, added options include 36" kitchen wall cabinets w/ crown molding & 6' island, stainless appliances, laminate floors, pull-down attic access for storage, upgraded siding accents, wide window trim instead of shutters, craftsman style front door & rear deck. Firefly fiber broadband is available at High Point. Contact Agent for Details!

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