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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 39 David Rd, Mineral, VA, 23117 generates $2,900/mo in rent, after a $2,814/mo payment. Total monthly income is $2,900/mo. Return on cash invested sits at 16.47% in year one, and rental yield is 6.05% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 84.14% and total cumulative return in cash sums $159,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,900/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.92 Acres lot
$N/A/sqft
$350 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 |
|---|---|---|
| 2024-09-13 | Price change | $575,000 |
| 2024-07-23 | Price change | $599,000 |
| 2024-07-10 | Listed for sale | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $4030.56 | 26.94% | $559,800 | 26.94% |
| 2022-11-12 | $3175.20 | 12.93% | $441,000 | 12.93% |
| 2021-11-12 | $2811.60 | N/A | $390,500 | 15.19% |
Listed by: Matt Furr • Boykin Realty LLC
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2417254
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.
