103 Water StSpencerWV25276
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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
Rental property for sale in Spencer at 103 Water St, Spencer, WV, 25276 generates $1,205/mo in rent and, after a $631/mo payment, leaves $459/mo in cash flow. Total monthly income is $1,205/mo, and annual cash flow is $5,508/yr on $42,764 invested. Return on cash invested sits at 32.79% in year one, and rental yield is 11.21% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 171.37% and total cumulative return in cash sums $73,285. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,205/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25276, Spencer, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,565 (100%) |
| Owner Occupied HU | 2,068 (58.0%) |
| Renter Occupied HU | 913 (25.6%) |
| Vacant Housing Units | 584 (16.4%) |
| Median Home Value | $138,060 |
| Average Home Value | $205,079 |
Housing Distribution
Address Breakdown
Residential
3,322
Single Family
3,229
Multi-Family
93
Businesses
295
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Listed by: Jennifer Nichols • Board-DePue Realty Co., LLC
Mls Name: My State MLS
Mls ID: #11505884