29 Long View Dr, Mineral, VA, 23117 | 7.02% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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29 Long View Dr, Mineral, VA, 23117 | 7.02% 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 29 Long View Dr, Mineral, VA, 23117 generates $4,649/mo in rent, after a $3,891/mo payment. Total monthly income is $4,649/mo. Return on cash invested sits at 19.47% in year one, and rental yield is 7.02% on a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 100.22% and total cumulative return in cash sums $262,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,649/mo property income rather than buyer’s personal income.

Single Family

Built in 2009

1.13 Acres lot

$N/A/sqft

$300 annually HOA

More details about the property

STUNNING WATER VIEW HOME WITH DEEDED COVERED BOAT SLIP--This beautifully maintained 4-bedroom, 2.5-bath home offers breathtaking lake views and comes with a deeded covered boat slip just a short walk away. With a spacious and inviting layout, this home is perfect for year-round living or a relaxing vacation retreat. On the main level, you'll find a bright and airy dining area, a cozy family room with a gas fireplace, and a charming sitting roomideal for unwinding while taking in the lake views. The gourmet kitchen features granite countertops, ample cabinet space, newer appliances, and picturesque water views. The formal dining room, enhanced by a tray ceiling, adds a touch of elegance, while the separate laundry room with a utility sink provides convenience. A stylish half bath with tile accents and warm hardwood flooring complete the main level. The primary suite, also on the main level, is a private retreat with two walk-in closets and a luxurious ensuite bath. The walkout basement is mostly finished and includes three generously sized bedrooms, a full bath, and a versatile bonus room with a wet barperfect for a media room, recreation space, or entertaining. Additionally, 855 square feet of unfinished space offers endless p

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