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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% |
Rental property for sale in Mineral at 1600 Halls Store Rd, Mineral, VA, 23117 generates $2,880/mo in rent and, after a $1,811/mo payment, leaves $668/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $8,019/yr on $122,638 invested. Return on cash invested sits at 26.45% in year one, and rental yield is 9.34% on a $369,950 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,210 over five years. Five-year ROI reaches 137.65% and total cumulative return in cash sums $168,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
3.73 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 |
|---|---|---|
| 2024-11-07 | Listed for sale | $369,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Page Call • William A. Cooke, LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428938
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.
