1523 N 16th StClarksburgWV26301
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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
Investment property for sale in Clarksburg at 1523 N 16th St, Clarksburg, WV, 26301 uses $39,780 cash to close to unlock $4,584/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $1,076/mo, and a $587/mo payment keeps the spread at $382/mo. Purchase price stands at $120,000, and rental yield measures 10.76% with $1,076/mo rent. Return on cash invested shows 31.43% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 164.12% and total cumulative return in cash records $65,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,076/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1958
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26301, Clarksburg, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,136 (100%) |
| Owner Occupied HU | 8,095 (57.3%) |
| Renter Occupied HU | 4,166 (29.5%) |
| Vacant Housing Units | 1,875 (13.3%) |
| Median Home Value | $158,054 |
| Average Home Value | $186,693 |
Housing Distribution
Address Breakdown
Residential
12,787
Single Family
12,089
Multi-Family
698
Businesses
854
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Listed by: CHERYL WORKMAN • HOMEFINDERS PLUS REAL ESTATE INC
Mls Name: NCWV REIN
Mls ID: #10161547