1585 Virginia St ECharlestonWV25311
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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 Charleston at 1585 Virginia St E, Charleston, WV, 25311 offers a 7.02% rental yield on a $525,000 purchase with $3,073/mo rent. Total monthly income registers $3,073/mo, and a $2,570/mo payment leaves $35/mo available for distribution. Annual cash flow reaches $419/yr on $172,725 to close, and return on cash invested stands at 20.3% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 104.38% and total cumulative return in cash at $180,297. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,073/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,666 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25311, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 2,275 (41.8%) |
| Renter Occupied HU | 2,287 (42.0%) |
| Vacant Housing Units | 879 (16.2%) |
| Median Home Value | $196,415 |
| Average Home Value | $233,108 |
Housing Distribution
Address Breakdown
Residential
4,972
Single Family
4,094
Multi-Family
878
Businesses
341
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Listed by: Susan Ann Murad • Old Colony
Mls Name: KVBR
Mls ID: #280494