16 Grizzly Way #121DavisWV26260
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
Investment property for sale in Davis at 16 Grizzly Way #121, Davis, WV, 26260 uses $44,753 cash to close to unlock $3,368/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,062/mo, and a $661/mo payment keeps the spread at $281/mo. Purchase price stands at $135,000, and rental yield measures 9.44% with $1,062/mo rent. Return on cash invested shows 27.43% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 142.71% and total cumulative return in cash records $63,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,062/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26260, Davis, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,523 (100%) |
| Owner Occupied HU | 447 (29.3%) |
| Renter Occupied HU | 137 ( 9.0%) |
| Vacant Housing Units | 939 (61.7%) |
| Median Home Value | $192,092 |
| Average Home Value | $319,351 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
367
Multi-Family
0
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DEBORAH STEVENS • STEVENS' REALTY & MANAGEMENT
Mls Name: NCWV REIN
Mls ID: #10162823