114 S Gate RdElkinsWV26241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elkins at 114 S Gate Rd, Elkins, WV, 26241 offers $2,244/mo rent that, after a $1,282/mo payment, leaves $728/mo cash flow. Total monthly income is $2,244/mo, and annual cash flow is $8,741/yr on $86,853 cash. Return on cash invested measures 29.97% in year one, and rental yield stands at 10.28% at a $262,000 entry. Equity gained on principal adds $1,691/yr while 5% annual appreciation compounds into $72,386 by year five. Five-year ROI records 156.32% and total cumulative return in cash reaches $135,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,244/mo property income versus a $1,282/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26241, Elkins, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,733 (100%) |
| Owner Occupied HU | 3,834 (56.9%) |
| Renter Occupied HU | 1,986 (29.5%) |
| Vacant Housing Units | 913 (13.6%) |
| Median Home Value | $160,805 |
| Average Home Value | $197,956 |
Housing Distribution
Address Breakdown
Residential
6,290
Single Family
6,090
Multi-Family
200
Businesses
848
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Pudder • HOUSE HUNTERS REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155707
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2024-02-07 10:15:58 PST