1015 Carleton StFairmontWV26554
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Fairmont rental at 1015 Carleton St, Fairmont, WV, 26554 sits in the solid-income band: 9.49% gross yield, $989/mo rent, $224/mo net after the $562/mo debt service, DSCR 1.76. Entry price of $124,999 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $34,535 and $1,151/yr in principal reduction bring total cumulative return to $61,794.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.8% |
| Monthly Cash Flow | $224 | $450 |
City averages based on Fairmont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $989 |
| Total Monthly Debt Service | $715 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
4,399 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1900
4,399 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cristy Moats • HOWARD HANNA
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158697
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 2025-04-02 11:15:34 PDT