146 Miracle DrSpringfieldWV26763
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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
Rental property for sale in Springfield at 146 Miracle Dr, Springfield, WV, 26763 generates $1,564/mo in rent, after a $1,395/mo payment. Total monthly income is $1,564/mo. Return on cash invested sits at 18.83% in year one, and rental yield is 6.59% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 96.51% and total cumulative return in cash sums $91,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,564/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
5.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26763, Springfield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 646 (67.1%) |
| Renter Occupied HU | 85 ( 8.8%) |
| Vacant Housing Units | 232 (24.1%) |
| Median Home Value | $227,852 |
| Average Home Value | $257,755 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
36
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Listed by: Kate Nazelrod • Pioneer Ridge Realty
Mls Name: Bright MLS
Mls ID: #WVHS2007208