1279 New Hope RdPrincetonWV24739
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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 1279 New Hope Rd, Princeton, WV, 24739 offers a 5.25% rental yield on a $199,000 purchase with $870/mo rent. 79% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 74.88% and total cumulative return in cash at $49,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $870/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24739, Oakvale, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,992 (100%) |
| Owner Occupied HU | 4,039 (67.4%) |
| Renter Occupied HU | 1,379 (23.0%) |
| Vacant Housing Units | 574 ( 9.6%) |
| Median Home Value | $165,415 |
| Average Home Value | $177,607 |
Housing Distribution
Address Breakdown
Residential
5,827
Single Family
5,785
Multi-Family
42
Businesses
208
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Listed by: RACHAEL PITCHER • COLDWELL BANKER HENDRICK REAL ESTATE
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55361