12 Lakewood CtRidgeleyWV26753
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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 Ridgeley at 12 Lakewood Ct, Ridgeley, WV, 26753 priced at $540,300 pairs $2,336/mo rent with after a $2,645/mo payment. Total monthly income equals $2,336/mo. Return on cash invested is 13.7% in year one, and rental yield stands at 5.19% on a $540,300 basis. Equity gained on principal adds $3,486/yr, and 5% annual appreciation accumulates to $149,275 by year five. Five-year ROI measures 69.35% and total cumulative return in cash reaches $123,276. For financing, Ziffy Mortgage’s DSCR program evaluates $2,336/mo property income against a $2,645/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
2.06 Acres lot
$N/A/sqft
$31 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26753, Ridgeley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 2,274 (77.5%) |
| Renter Occupied HU | 445 (15.2%) |
| Vacant Housing Units | 215 ( 7.3%) |
| Median Home Value | $238,770 |
| Average Home Value | $315,654 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,352
Multi-Family
0
Businesses
116
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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