201 Spring Rd, Mineral, VA, 23117 | $185/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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201 Spring Rd, Mineral, VA, 23117 | $185/mo Cash Flow | Ziffy

Pending

Motivated Seller

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 Mineral at 201 Spring Rd, Mineral, VA, 23117 priced at $289,900 converts $1,918/mo rent into $185/mo cash flow after a $1,419/mo obligation. Total monthly income equals $1,918/mo, and annual cash flow totals $2,219/yr on $96,102 invested. Return on cash invested prints 22.22% in year one, and rental yield reads 7.94% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 114.95% and total cumulative return in cash sums $110,469. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,918/mo property income covering a $1,419/mo payment, not borrower’s personal income.

Single Family

Built in 1965

1.02 Acres lot

$N/A/sqft

No HOA

More details about the property

NEW PRICE! MOTIVATED SELLERS! THIS CUTIE IS A MUST SEE! MOVE-IN-READY. NO TOWN TAXES. This 3-bedroom home is situated on 1.02 acres just outside of the quaint town of Mineral and approximately 10 minutes from access to Lake Anna. Only minutes from restaurants, gas, banking, and the Mineral Post Office, this meticulously maintained bungalow boasts a sunny, grassy backyard surrounded by mature trees which provide for full privacy. A 2-car carport offers boat parking for the lake enthusiast or RV parking for the adventurer, and a large shed offers storage for outdoor equipment. Enjoy peace of mind with many updates to this 1965-built home including triple-pane windows (2022), entry door and storm door (2022), new gutters/downspouts and gutter guards (2022), hot water heater (2022), Bath Fitters tub/shower (2020), and a new panel electrical box with breakers and 200-amp service (2025). The heating and air system have been serviced semi-annually, and windows carry a lifetime warranty which may be transferred to the new owners. A brick fireplace with wood stove insert promises cozy nights and/or alternate heating and more than a cord of wood will be conveyed. Enjoy the large expansive deck with gas grilling (conveying) adjacent to the trickling water of the coy pond. With stainless steel kitchen appliances, a three-season room/sunroom, three nice-sized bedrooms, eat-in kitchen and separate utility room, this home offers lots of space and comes fully furnished. Most furnishings (dishes, cookware w/small appliances, and dcor) will be conveyed with an acceptable offer. Firefly to provide fiber internet service for this address. Perfect for first-time home buyer, young family, or retirees.

Neighborhood Data

Neighborhood data shown for ZIP Code: 23117, Mineral, VA area.

Housing Distribution

Housing Statistics

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