116 Rehoboth LnSummit PointWV25446
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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 Summit Point at 116 Rehoboth Ln, Summit Point, WV, 25446 priced at $550,000 converts $2,930/mo rent into after a $2,692/mo obligation. Total monthly income equals $2,930/mo. Return on cash invested prints 18.39% in year one, and rental yield reads 6.39% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 94.12% and total cumulative return in cash sums $170,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,930/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1975
4.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25446, Summit Point, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 497 (78.9%) |
| Renter Occupied HU | 79 (12.5%) |
| Vacant Housing Units | 54 ( 8.6%) |
| Median Home Value | $415,368 |
| Average Home Value | $396,247 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
37
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Listed by: Elizabeth McDonald • Dandridge Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #WVJF2020086