203 W 8th St, Mineral, VA, 23117 | 6.76% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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203 W 8th St, Mineral, VA, 23117 | 6.76% Rental Yield | Ziffy

For Sale

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 203 W 8th St, Mineral, VA, 23117 generates $1,915/mo in rent, after a $1,664/mo payment. Total monthly income is $1,915/mo. Return on cash invested sits at 18.66% in year one, and rental yield is 6.76% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 95.87% and total cumulative return in cash sums $108,054. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,915/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

0.57 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in the charming TOWN OF MINERAL, this delightful 3-bedroom, 1-bathroom ranch-style home exudes warmth and comfort. Built in 1960, but refreshed in 2025 with all new surfaces and appliances! The eat-in kitchen is stunning with quartz countertops, stainless appliances, farmhouse sink, and new backsplash. This home combines both old town charm with like-new construction. The property showcases a brick exterior that harmonizes beautifully with its serene surroundings. Step inside to discover an inviting open floor plan, where luxury vinyl plank flooring flows seamlessly throughout. Natural light pours in through double-pane windows, enhancing the cozy atmosphere. The main level includes entry-level bedrooms, ideal for convenience. The unfinished daylight basement offers endless possibilities for customization, with an outside entrance and ample windows that invite the outdoors in. Outside, the expansive 0.57-acre lot backs to lush trees, providing a peaceful retreat. Enjoy your morning coffee on the porch or host summer barbecues on the patio. A detached utility building offer additional storage and parking options or can easily be converted to a woodshed. Located in a friendly neighborhood, this home is just a stone's throw from local amenities, parks, and all recreational opportunities that Lake Anna has to offer. Experience the perfect blend of comfort and convenience in this inviting residence, where every detail has been thoughtfully designed for a fulfilling lifestyle.

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