16 Park PlRichwoodWV26261
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 16 Park Pl, Richwood, WV, 26261 in Richwood. Priced at $339,000, it generates $2,856/mo in gross rent and $894/mo in net monthly cash flow, a 10.11% yield that comfortably supports the 1.87 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,734. Five-year appreciation: $93,659. Equity from principal paydown: $3,122/yr. Total projected cumulative return: $185,527.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $894 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,856 |
| Total Monthly Debt Service | $1,827 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26261, Richwood, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,444 (100%) |
| Owner Occupied HU | 799 (55.3%) |
| Renter Occupied HU | 262 (18.1%) |
| Vacant Housing Units | 383 (26.5%) |
| Median Home Value | $66,328 |
| Average Home Value | $131,715 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,115
Multi-Family
19
Businesses
85
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
Single Family
Built in N/A
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26261, Richwood, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,444 (100%) |
| Owner Occupied HU | 799 (55.3%) |
| Renter Occupied HU | 262 (18.1%) |
| Vacant Housing Units | 383 (26.5%) |
| Median Home Value | $66,328 |
| Average Home Value | $131,715 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,115
Multi-Family
19
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: W. Paul Grist • Grist Real Estate Associates, Inc
Mls Name: GVMLS
Mls ID: #25-1501