1217 Park AveNitroWV25143
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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 Nitro at 1217 Park Ave, Nitro, WV, 25143 uses $79,560 cash to close to unlock $5,424/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,841/mo, and a $1,175/mo payment keeps the spread at $452/mo. Purchase price stands at $240,000, and rental yield measures 9.21% with $1,841/mo rent. Return on cash invested shows 26.73% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 138.86% and total cumulative return in cash records $110,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,841/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25143, Nitro, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,284 (100%) |
| Owner Occupied HU | 2,428 (56.7%) |
| Renter Occupied HU | 1,351 (31.5%) |
| Vacant Housing Units | 505 (11.8%) |
| Median Home Value | $134,015 |
| Average Home Value | $185,139 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,854
Multi-Family
62
Businesses
351
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Listed by: Holly Weese • Old Colony
Mls Name: KVBR
Mls ID: #279527