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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 Mineral at 1105 Mica Rd, Mineral, VA, 23117 offers a 10.2% rental yield on a $284,000 purchase with $2,414/mo rent. Total monthly income registers $2,414/mo, and a $1,390/mo payment leaves $716/mo available for distribution. Annual cash flow reaches $8,596/yr on $94,146 to close, and return on cash invested stands at 29.04% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 151.54% and total cumulative return in cash at $142,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,414/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23117, Mineral, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,251 (100%) |
| Owner Occupied HU | 4,077 (65.2%) |
| Renter Occupied HU | 657 (10.5%) |
| Vacant Housing Units | 1,517 (24.3%) |
| Median Home Value | $377,189 |
| Average Home Value | $457,564 |
Residential
5,571
Single Family
5,570
Multi-Family
1
Businesses
228
Date | Event | Price |
|---|---|---|
| 2024-10-21 | Price change | $284,000 |
| 2024-09-20 | Price change | $284,900 |
| 2024-09-07 | Price change | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | N/A | N/A | $40,600 | 13.73% |
| 2022-11-12 | $1214.64 | 8.63% | $35,700 | 14.42% |
| 2021-11-12 | $1118.16 | N/A | $31,200 | 11.83% |
Listed by: Crystal Hawley • Lake Anna Island Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427639
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
