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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 1571 Mitchell Point Rd, Mineral, VA, 23117 listed at $1,100,000 pairs $2,663/mo rent with a $5,384/mo payment. Total monthly income runs $2,663/mo. Return on cash invested measures 7.2% in year one, and rental yield registers 2.91% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 34.3% and total cumulative return in cash totals $122,227. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,663/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
1.27 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa Cutts • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #VALA2008784
