1505 Longridge RdCharlestonWV25314
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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 Charleston at 1505 Longridge Rd, Charleston, WV, 25314 generates $1,367/mo in rent and, after a $881/mo payment, leaves $308/mo in cash flow. Total monthly income is $1,367/mo, and annual cash flow is $3,699/yr on $59,670 invested. Return on cash invested sits at 26.11% in year one, and rental yield is 9.11% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 135.75% and total cumulative return in cash sums $81,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,367/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25314, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,908 (100%) |
| Owner Occupied HU | 4,764 (69.0%) |
| Renter Occupied HU | 1,393 (20.2%) |
| Vacant Housing Units | 751 (10.9%) |
| Median Home Value | $287,954 |
| Average Home Value | $374,459 |
Housing Distribution
Address Breakdown
Residential
6,653
Single Family
6,128
Multi-Family
525
Businesses
165
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Listed by: Keith Hare • Joe R. Pyle Complete Auction and Realty Service
Mls Name: My State MLS
Mls ID: #11495621