16 Park PlRichwoodWV26261
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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 Richwood at 16 Park Pl, Richwood, WV, 26261 listed at $339,000 pairs $2,856/mo rent with a $1,659/mo payment to leave $895/mo cash flow. Total monthly income runs $2,856/mo, and annual cash flow reaches $10,737/yr on $112,379 cash to close. Return on cash invested measures 29.46% in year one, and rental yield registers 10.11% at a $339,000 basis. Equity gained on principal adds $2,188/yr, and annual property appreciation at 5% supports $93,659 by year five. Five-year ROI tracks 153.53% and total cumulative return in cash totals $172,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,856/mo property income relative to a $1,659/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: W. Paul Grist • Grist Real Estate Associates, Inc
Mls Name: GVMLS
Mls ID: #25-1501