121 Meadowland Dr HOMESITE S6-10RidgeleyWV26253
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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 Ridgeley at 121 Meadowland Dr HOMESITE S6-10, Ridgeley, WV, 26253 offers a 8.23% rental yield on a $388,990 purchase with $2,668/mo rent. Total monthly income registers $2,668/mo, and a $1,904/mo payment leaves $417/mo available for distribution. Annual cash flow reaches $5,006/yr on $128,950 to close, and return on cash invested stands at 23.79% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,471 over five years. Portfolio math shows five-year ROI at 123.16% and total cumulative return in cash at $158,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,668/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26253, Beverly, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,006 (62.8%) |
| Renter Occupied HU | 378 (23.6%) |
| Vacant Housing Units | 218 (13.6%) |
| Median Home Value | $170,890 |
| Average Home Value | $189,327 |
Housing Distribution
Address Breakdown
Residential
1,258
Single Family
1,258
Multi-Family
0
Businesses
58
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Listed by: Stephanie • Gemcraft Homes
Mls Name: Gemcraft Homes
Mls Provider:
Mls ID: #N/A