124 Ridgeway DrPrincetonWV24740
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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 Princeton at 124 Ridgeway Dr, Princeton, WV, 24740 earns from $870/mo rent with a $1,346/mo payment. Total monthly income totals $870/mo. ROI tracks 10.2% on current figures, and rental yield reads 3.8% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 50.35% and total cumulative return in cash sums $45,899. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $870/mo property income instead of your personal income.
Single Family
Built in 2000
0.28 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24740, Princeton, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,005 (100%) |
| Owner Occupied HU | 4,356 (54.4%) |
| Renter Occupied HU | 2,671 (33.4%) |
| Vacant Housing Units | 978 (12.2%) |
| Median Home Value | $148,519 |
| Average Home Value | $163,699 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,828
Multi-Family
523
Businesses
864
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Listed by: Lee Ann Barlow- A.B. • ERA ADVANTAGE REALTY
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #55266
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.