13 School StFarmingtonWV26571
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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 Farmington at 13 School St, Farmington, WV, 26571 uses $58,013 cash to close to unlock $6,372/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $857/mo payment keeps the spread at $531/mo. Purchase price stands at $175,000, and rental yield measures 10.59% with $1,544/mo rent. Return on cash invested shows 30.89% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 161.21% and total cumulative return in cash records $93,523. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1984
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26571, Farmington, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,129 (100%) |
| Owner Occupied HU | 826 (73.2%) |
| Renter Occupied HU | 163 (14.4%) |
| Vacant Housing Units | 140 (12.4%) |
| Median Home Value | $143,182 |
| Average Home Value | $167,718 |
Housing Distribution
Address Breakdown
Residential
684
Single Family
684
Multi-Family
0
Businesses
42
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Listed by: Cassie Moats • GARTON REAL ESTATE GROUP
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155948
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