1612 Princeton AvePrincetonWV24740
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
Rental property for sale in Princeton at 1612 Princeton Ave, Princeton, WV, 24740 priced at $124,000 converts $540/mo rent into after a $607/mo obligation. Total monthly income equals $540/mo. Return on cash invested prints 14.72% in year one, and rental yield reads 5.23% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 74.59% and total cumulative return in cash sums $30,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $540/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1922
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24740, Princeton, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,005 (100%) |
| Owner Occupied HU | 4,356 (54.4%) |
| Renter Occupied HU | 2,671 (33.4%) |
| Vacant Housing Units | 978 (12.2%) |
| Median Home Value | $148,519 |
| Average Home Value | $163,699 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,828
Multi-Family
523
Businesses
864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brooke Furches • COLDWELL BANKER YOST REAL ESTATE
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #54884
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.