629 Mineral AveMineralVA23117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Mineral at 629 Mineral Ave, Mineral, VA, 23117 priced at $314,700 converts $2,358/mo rent into $477/mo cash flow after a $1,540/mo obligation. Total monthly income equals $2,358/mo, and annual cash flow totals $5,725/yr on $104,323 invested. Return on cash invested prints 25.4% in year one, and rental yield reads 8.99% against a $314,700 entry. Equity gained on principal adds $2,031/yr, while 5% annual appreciation compiles into $86,946 by year five. Five-year ROI reaches 132.04% and total cumulative return in cash sums $137,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,358/mo property income covering a $1,540/mo payment, not borrower’s personal income.
Single Family
Built in 2023
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Sanford • TOWN & COUNTRY ELITE REALTY
Mls Name: CAAR
Mls Provider:
Mls ID: #648513
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.