16 E 2nd AveRidgeleyWV26753
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ridgeley at 16 E 2nd Ave, Ridgeley, WV, 26753 priced at $115,000 pairs $907/mo rent with $241/mo cash flow after a $563/mo payment. Total monthly income equals $907/mo, and annual cash flow comes to $2,898/yr on $38,123 invested. Return on cash invested is 27.51% in year one, and rental yield stands at 9.46% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 143.18% and total cumulative return in cash reaches $54,585. For financing, Ziffy Mortgage’s DSCR program evaluates $907/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
3,641 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26753, Ridgeley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 2,274 (77.5%) |
| Renter Occupied HU | 445 (15.2%) |
| Vacant Housing Units | 215 ( 7.3%) |
| Median Home Value | $238,770 |
| Average Home Value | $315,654 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,352
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Scire • RE/MAX Results
Mls Name: Bright MLS
Mls ID: #WVMI2003874