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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 64 Hemlock Ln, Mineral, VA, 23117 offers $3,355/mo rent that, after a $2,322/mo payment, leaves $473/mo cash flow. Total monthly income is $3,355/mo, and annual cash flow is $5,678/yr on $157,287 cash. Return on cash invested measures 23.52% in year one, and rental yield stands at 8.49% at a $474,470 entry. Equity gained on principal adds $3,062/yr while 5% annual appreciation compounds into $131,087 by year five. Five-year ROI records 122.07% and total cumulative return in cash reaches $191,996. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,355/mo property income versus a $2,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.94 Acres lot
$N/A/sqft
$550 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 |
|---|---|---|
| 2024-10-22 | Listed for sale | $474,470 |
| 2024-05-06 | Sold | $37,500 |
| 2024-02-27 | Contingent | $42,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $2438.64 | 11.09% | $338,700 | 11.09% |
| 2022-11-12 | $2195.28 | 15.10% | $304,900 | 15.10% |
| 2021-11-12 | $1907.28 | N/A | $264,900 | 7.64% |
Listed by: Kyle Holden • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2427702
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.
