10 Iron Ridge RdFairmontWV26554
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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
Investment property for sale in Fairmont at 10 Iron Ridge Rd, Fairmont, WV, 26554 uses $140,888 cash to close to unlock $6,851/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $3,094/mo, and a $2,080/mo payment keeps the spread at $571/mo. Purchase price stands at $425,000, and rental yield measures 8.74% with $3,094/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 128.57% and total cumulative return in cash records $181,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,094/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2022
1 Acres lot
$N/A/sqft
$770 annually HOA
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Nearby investment properties with comparable prices
Listed by: Janaea Croyle • HERITAGE REAL ESTATE CO.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155452
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers 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 last updated on 2024-02-07 10:15:58 PST