820 Kennon RdMineralVA23117
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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
Rental property for sale in Mineral at 820 Kennon Rd, Mineral, VA, 23117 generates $3,029/mo in rent and, after a $2,080/mo payment, leaves $489/mo in cash flow. Total monthly income is $3,029/mo, and annual cash flow is $5,863/yr on $140,887 invested. Return on cash invested sits at 24.07% in year one, and rental yield is 8.55% on a $424,999 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,419 over five years. Five-year ROI reaches 124.89% and total cumulative return in cash sums $175,948. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,029/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
2.12 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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