1001 Fair Oaks DrFairmontWV26554
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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 Fairmont at 1001 Fair Oaks Dr, Fairmont, WV, 26554 generates $2,543/mo in rent and, after a $1,101/mo payment, leaves $1,208/mo in cash flow. Total monthly income is $2,543/mo, and annual cash flow is $14,497/yr on $74,588 invested. Return on cash invested sits at 39.34% in year one, and rental yield is 13.56% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 206.78% and total cumulative return in cash sums $154,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,543/mo property income rather than buyer’s personal income.
Townhouse
Built in 1996
3,311 sqft lot
$N/A/sqft
$400 annually HOA
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Nearby investment properties with comparable prices
Listed by: Katie Stewart • OLD COLONY COMPANY OF GREATER KANAWHA VALLEY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156029
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