1507 Big Elk RdWallaceWV26448
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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 Wallace at 1507 Big Elk Rd, Wallace, WV, 26448 generates $0/mo in rent, after a $635/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.03% in year one, and rental yield is 0% on a $129,800 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,861 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
13.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26448, Wallace, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 457 (100%) |
| Owner Occupied HU | 357 (78.1%) |
| Renter Occupied HU | 47 (10.3%) |
| Vacant Housing Units | 53 (11.6%) |
| Median Home Value | $142,188 |
| Average Home Value | $192,598 |
Housing Distribution
Address Breakdown
Residential
430
Single Family
430
Multi-Family
0
Businesses
9
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No similar rental properties found nearby.
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Listed by: Andrew Yoder • Kaufman Realty and Auctions
Mls Name: NY State MLS
Mls ID: #11547475