1406 1st AveCharlestonWV25387
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1406 1st Ave, Charleston, WV, 25387 in Charleston: $1,135/mo in rent, $528/mo net, 12.99% gross yield, all on a $104,900 acquisition. The 2.40 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $28,982 in value, and $966/yr in principal paydown steadily builds equity. Projected total cumulative return: $73,578.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 9.8% |
| Monthly Cash Flow | $528 | $425 |
City averages based on Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,135 |
| Total Monthly Debt Service | $565 |
| DSCR Ratio | 2.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25387, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,892 (100%) |
| Owner Occupied HU | 1,291 (44.6%) |
| Renter Occupied HU | 1,096 (37.9%) |
| Vacant Housing Units | 505 (17.5%) |
| Median Home Value | $98,247 |
| Average Home Value | $166,882 |
Housing Distribution
Address Breakdown
Residential
2,409
Single Family
2,268
Multi-Family
141
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25387, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,892 (100%) |
| Owner Occupied HU | 1,291 (44.6%) |
| Renter Occupied HU | 1,096 (37.9%) |
| Vacant Housing Units | 505 (17.5%) |
| Median Home Value | $98,247 |
| Average Home Value | $166,882 |
Housing Distribution
Address Breakdown
Residential
2,409
Single Family
2,268
Multi-Family
141
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melody Jordan • Berkshire Hathaway HS GER
Mls Name: KVBR
Mls Provider:
Mls ID: #278690
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.