119 Wakefield RdFairmontWV26554
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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 Fairmont at 119 Wakefield Rd, Fairmont, WV, 26554 priced at $179,900 pairs $1,476/mo rent with $417/mo cash flow after a $881/mo payment. Total monthly income equals $1,476/mo, and annual cash flow comes to $5,005/yr on $59,637 invested. Return on cash invested is 28.3% in year one, and rental yield stands at 9.85% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 147.53% and total cumulative return in cash reaches $87,981. For financing, Ziffy Mortgage’s DSCR program evaluates $1,476/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
7,187 sqft lot
$N/A/sqft
No HOA
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Listed by: Paul Kokoska • SNIDER REALTY GROUP
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10157068
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