1218 Colonial WayCharlestonWV25314
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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 Charleston at 1218 Colonial Way, Charleston, WV, 25314 uses $145,860 cash to close to unlock $23,053/yr annual cash flow and $1,921/mo monthly cash flow. Total monthly income runs $4,474/mo, and a $2,154/mo payment keeps the spread at $1,921/mo. Purchase price stands at $440,000, and rental yield measures 12.2% with $4,474/mo rent. Return on cash invested shows 35.71% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 187.12% and total cumulative return in cash records $272,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,474/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in 1961
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25314, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,908 (100%) |
| Owner Occupied HU | 4,764 (69.0%) |
| Renter Occupied HU | 1,393 (20.2%) |
| Vacant Housing Units | 751 (10.9%) |
| Median Home Value | $287,954 |
| Average Home Value | $374,459 |
Housing Distribution
Address Breakdown
Residential
6,653
Single Family
6,128
Multi-Family
525
Businesses
165
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Listed by: Lee Lewis • Old Colony
Mls Name: KVBR
Mls Provider:
Mls ID: #272392
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.