1001 Summit DrCharlestonWV25302
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
Investment property for sale in Charleston at 1001 Summit Dr, Charleston, WV, 25302 uses $84,533 cash to close to unlock $9,680/yr annual cash flow and $807/mo monthly cash flow. Total monthly income runs $2,282/mo, and a $1,248/mo payment keeps the spread at $807/mo. Purchase price stands at $255,000, and rental yield measures 10.74% with $2,282/mo rent. Return on cash invested shows 31.36% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 163.74% and total cumulative return in cash records $138,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,282/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25302, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,716 (100%) |
| Owner Occupied HU | 3,727 (48.3%) |
| Renter Occupied HU | 2,665 (34.5%) |
| Vacant Housing Units | 1,324 (17.2%) |
| Median Home Value | $168,686 |
| Average Home Value | $221,501 |
Housing Distribution
Address Breakdown
Residential
7,329
Single Family
6,830
Multi-Family
499
Businesses
515
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Misty Harris • Old Colony
Mls Name: KVBR
Mls ID: #279771