116 Robert E Lee AveElkinsWV26241
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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
Investment property for sale in Elkins at 116 Robert E Lee Ave, Elkins, WV, 26241 uses $76,212 cash to close to unlock $804/yr annual cash flow and $67/mo monthly cash flow. Total monthly income runs $1,397/mo, and a $1,125/mo payment keeps the spread at $67/mo. Purchase price stands at $229,900, and rental yield measures 7.29% with $1,397/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 108.05% and total cumulative return in cash records $82,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,397/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1950
7,500 sqft 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
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Listed by: PATTI RECKART • ALL SEASONS REAL ESTATE SERVICE
Mls Name: NCWV REIN
Mls ID: #10160386