104 South AveOceanaWV24870
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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 Oceana at 104 South Ave, Oceana, WV, 24870 generates $1,176/mo in rent and, after a $636/mo payment, leaves $424/mo in cash flow. Total monthly income is $1,176/mo, and annual cash flow is $5,090/yr on $43,062 invested. Return on cash invested sits at 31.73% in year one, and rental yield is 10.86% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 165.8% and total cumulative return in cash sums $71,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24870, Oceana, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,504 (100%) |
| Owner Occupied HU | 1,065 (70.8%) |
| Renter Occupied HU | 233 (15.5%) |
| Vacant Housing Units | 206 (13.7%) |
| Median Home Value | $84,489 |
| Average Home Value | $99,059 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
170
Multi-Family
40
Businesses
99
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Listed by: Irena Cottle • WV REALTY PROS, LLC
Mls Name: All West Virginia MLS
Mls ID: #91405