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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 289 Tall Pines Dr, Mineral, VA, 23117 listed at $420,000 pairs $3,047/mo rent with a $2,056/mo payment to leave $516/mo cash flow. Total monthly income runs $3,047/mo, and annual cash flow reaches $6,192/yr on $139,230 cash to close. Return on cash invested measures 24.36% in year one, and rental yield registers 8.71% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 126.47% and total cumulative return in cash totals $176,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,047/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
1.68 Acres lot
$N/A/sqft
$240 annually 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 |
|---|---|---|
| 2024-10-23 | Listed for sale | $420,000 |
| 2017-10-01 | Listing removed | $244,500 |
| 2017-08-14 | Price change | $244,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $2689.92 | 9.75% | $373,600 | 9.75% |
| 2022-11-12 | $2450.88 | 16.62% | $340,400 | 16.62% |
| 2021-11-12 | $2101.68 | N/A | $291,900 | 16.11% |
Listed by: Ashley Hoffman • Lake Anna Island Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427631
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.
