1002 3rd AveNew CumberlandWV26047
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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 New Cumberland at 1002 3rd Ave, New Cumberland, WV, 26047 uses $41,272 cash to close to unlock $3,258/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,042/mo, and a $609/mo payment keeps the spread at $271/mo. Purchase price stands at $124,500, and rental yield measures 10.04% with $1,042/mo rent. Return on cash invested shows 27.8% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 145.21% and total cumulative return in cash records $59,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,042/mo property income covering a $609/mo payment rather than investor’s personal income.
Single Family
Built in 1944
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26047, New Cumberland, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,909 (100%) |
| Owner Occupied HU | 2,092 (71.9%) |
| Renter Occupied HU | 495 (17.0%) |
| Vacant Housing Units | 322 (11.1%) |
| Median Home Value | $154,821 |
| Average Home Value | $167,937 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,393
Multi-Family
109
Businesses
94
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Listed by: Jessica L Alrutz-Speer • JJ Guida Airport Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5125058
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