152 Spruce StParsonsWV26287
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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 Parsons at 152 Spruce St, Parsons, WV, 26287 generates $1,175/mo in rent and, after a $783/mo payment, leaves $249/mo in cash flow. Total monthly income is $1,175/mo, and annual cash flow is $2,992/yr on $53,040 invested. Return on cash invested sits at 25.55% in year one, and rental yield is 8.81% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 132.63% and total cumulative return in cash sums $70,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,175/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26287, Parsons, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,532 (100%) |
| Owner Occupied HU | 935 (61.0%) |
| Renter Occupied HU | 249 (16.3%) |
| Vacant Housing Units | 348 (22.7%) |
| Median Home Value | $143,359 |
| Average Home Value | $180,064 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,367
Multi-Family
30
Businesses
137
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Listed by: JAMIE WHITE • HOUSE HUNTERS REAL ESTATE, LLC
Mls Name: NCWV REIN
Mls ID: #10162988