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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% |
Rental property for sale in Mineral at 3337 Elk Creek Rd, Mineral, VA, 23117 priced at $1,300,000 converts $3,499/mo rent into after a $6,363/mo obligation. Total monthly income equals $3,499/mo. Return on cash invested prints 8.2% in year one, and rental yield reads 3.23% against a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation compiles into $359,166 by year five. Five-year ROI reaches 39.66% and total cumulative return in cash sums $167,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,499/mo property income covering a $6,363/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.97 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-06 | Listed for sale | $1,300,000 |
| 2024-09-10 | Listing removed | $1,400,000 |
| 2024-08-15 | Listed for sale | $1,400,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $6349.68 | 20.18% | $881,900 | 20.18% |
| 2022-11-12 | $5283.36 | 14.07% | $733,800 | 14.07% |
| 2021-11-12 | $4631.76 | N/A | $643,300 | 4.11% |
Listed by: Dare Tulloch • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2421255
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.
