309 Richmond AveMineralVA23117
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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
Investment Highlights
Investment property for sale in Mineral at 309 Richmond Ave, Mineral, VA, 23117 with 5% annual appreciation on a $333,000 basis while $2,352/mo rent supports operations. Total monthly income totals $2,352/mo and a $1,630/mo payment preserves $361/mo for cash returns. Annual cash flow comes to $4,335/yr on $110,390 deployed, and return on cash invested reaches 23.84% in year one. Equity gained on principal adds $2,149/yr, and five-year appreciation sums $92,002 alongside rental yield of 8.48%. Five-year ROI measures 123.66% and total cumulative return in cash totals $136,505.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,352/mo property income versus a $1,630/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2012
0.68 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,571
Single Family
5,570
Multi-Family
1
Businesses
228
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Listed by: Kim Johnson • HOWARD HANNA ROY WHEELER REALTY - ZION CROSSROADS
Mls Name: CAAR
Mls Provider:
Mls ID: #656204
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.