113 Morton DrHamlinWV25523
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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 Hamlin at 113 Morton Dr, Hamlin, WV, 25523 generates $1,972/mo in rent and, after a $856/mo payment, leaves $960/mo in cash flow. Total monthly income is $1,972/mo, and annual cash flow is $11,520/yr on $57,979 invested. Return on cash invested sits at 39.78% in year one, and rental yield is 13.53% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 208.94% and total cumulative return in cash sums $121,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,972/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25523, Hamlin, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,373 (100%) |
| Owner Occupied HU | 854 (62.2%) |
| Renter Occupied HU | 266 (19.4%) |
| Vacant Housing Units | 253 (18.4%) |
| Median Home Value | $109,694 |
| Average Home Value | $132,336 |
Housing Distribution
Address Breakdown
Residential
988
Single Family
988
Multi-Family
0
Businesses
120
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Listed by: EDWARD CORDLE • Old Colony, REALTORS
Mls Name: KVBR
Mls Provider:
Mls ID: #275849
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.