1021 Cleveland AveCharlestonWV25302
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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 Charleston at 1021 Cleveland Ave, Charleston, WV, 25302 offers a 11.69% rental yield on a $182,500 purchase with $1,778/mo rent. Total monthly income registers $1,778/mo, and a $893/mo payment leaves $722/mo available for distribution. Annual cash flow reaches $8,667/yr on $60,499 to close, and return on cash invested stands at 34.24% in year one. Equity gained on principal adds $1,178/yr while 5% annual appreciation supports $50,421 over five years. Portfolio math shows five-year ROI at 179.19% and total cumulative return in cash at $108,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,778/mo property income against a $893/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
4,356 sqft 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
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Listed by: Craig Allison • ERA Property Elite
Mls Name: KVBR
Mls ID: #278909