120 Water StSalemWV26426
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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 Salem at 120 Water St, Salem, WV, 26426 generates $844/mo in rent and, after a $538/mo payment, leaves $208/mo in cash flow. Total monthly income is $844/mo, and annual cash flow is $2,496/yr on $36,430 invested. Return on cash invested sits at 26.76% in year one, and rental yield is 9.22% on a $109,895 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,362 over five years. Five-year ROI reaches 139.24% and total cumulative return in cash sums $50,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $844/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26426, Salem, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,968 (67.3%) |
| Renter Occupied HU | 525 (18.0%) |
| Vacant Housing Units | 430 (14.7%) |
| Median Home Value | $175,000 |
| Average Home Value | $214,647 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
2,567
Multi-Family
118
Businesses
117
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Listed by: DAVID SWEENEY • UNREAL ESTATE LLC
Mls Name: NCWV REIN
Mls ID: #10162641