160 Main StRidgeleyWV26753
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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
Rental property for sale in Ridgeley at 160 Main St, Ridgeley, WV, 26753 priced at $314,900 converts $1,780/mo rent into after a $1,541/mo obligation. Total monthly income equals $1,780/mo. Return on cash invested prints 19.43% in year one, and rental yield reads 6.78% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 99.78% and total cumulative return in cash sums $104,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,780/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 1901
0.65 Acres 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
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Listed by: Heather Imes • The KW Collective
Mls Name: Bright MLS
Mls ID: #WVMI2003772