1269 College ParkFairmontWV26554
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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 Fairmont at 1269 College Park, Fairmont, WV, 26554 uses $62,952 cash to close to unlock $12,838/yr annual cash flow and $1,070/mo monthly cash flow. Total monthly income runs $2,184/mo, and a $929/mo payment keeps the spread at $1,070/mo. Purchase price stands at $189,900, and rental yield measures 13.8% with $2,184/mo rent. Return on cash invested shows 40.3% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 211.77% and total cumulative return in cash records $133,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,184/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,840 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Nathaniel Oliverio • TAYLOR-MADE REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155310
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers 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 last updated on 2024-02-07 10:15:58 PST