117 Old Chestnut LnMount NeboWV26679
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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 Mount Nebo at 117 Old Chestnut Ln, Mount Nebo, WV, 26679 priced at $249,000 converts $1,294/mo rent into after a $1,219/mo obligation. Total monthly income equals $1,294/mo. Return on cash invested prints 17.77% in year one, and rental yield reads 6.24% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 90.84% and total cumulative return in cash sums $74,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,294/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Single Family
Built in 1978
8.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26679, Mount Nebo, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 658 (63.5%) |
| Renter Occupied HU | 122 (11.8%) |
| Vacant Housing Units | 256 (24.7%) |
| Median Home Value | $156,788 |
| Average Home Value | $156,702 |
Housing Distribution
Address Breakdown
Residential
661
Single Family
661
Multi-Family
0
Businesses
54
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Listed by: Becky Fidler • Castles and Creeks Real Estate
Mls Name: Fayette-Nicholas BOR
Mls ID: #24-143
Disclaimer: Copyright Fayette-Nicholas Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.