1611 Franklin AveCharlestonWV25311
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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 Charleston at 1611 Franklin Ave, Charleston, WV, 25311 offers a 8.95% rental yield on a $209,900 purchase with $1,566/mo rent. Total monthly income registers $1,566/mo, and a $1,027/mo payment leaves $352/mo available for distribution. Annual cash flow reaches $4,222/yr on $69,582 to close, and return on cash invested stands at 25.98% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 134.86% and total cumulative return in cash at $93,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,566/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25311, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 2,275 (41.8%) |
| Renter Occupied HU | 2,287 (42.0%) |
| Vacant Housing Units | 879 (16.2%) |
| Median Home Value | $196,415 |
| Average Home Value | $233,108 |
Housing Distribution
Address Breakdown
Residential
4,972
Single Family
4,094
Multi-Family
878
Businesses
341
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Listed by: Darrell Rolston • Rolston And Company
Mls Name: KVBR
Mls ID: #281401