1021 Forest RdCharlestonWV25314
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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 Forest Rd, Charleston, WV, 25314 uses $116,025 cash to close to unlock $7,727/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $2,669/mo, and a $1,713/mo payment keeps the spread at $644/mo. Purchase price stands at $350,000, and rental yield measures 9.15% with $2,669/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 138.01% and total cumulative return in cash records $160,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,669/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25314, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,908 (100%) |
| Owner Occupied HU | 4,764 (69.0%) |
| Renter Occupied HU | 1,393 (20.2%) |
| Vacant Housing Units | 751 (10.9%) |
| Median Home Value | $287,954 |
| Average Home Value | $374,459 |
Housing Distribution
Address Breakdown
Residential
6,653
Single Family
6,128
Multi-Family
525
Businesses
165
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Listed by: Joshua Allen McGrath • Better Homes and Gardens Real Estate Central
Mls Name: KVBR
Mls ID: #281587