163 Palomino DrWeirtonWV26062
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 Weirton at 163 Palomino Dr, Weirton, WV, 26062 priced at $114,900 converts $847/mo rent into $183/mo cash flow after a $562/mo obligation. Total monthly income equals $847/mo, and annual cash flow totals $2,190/yr on $38,089 invested. Return on cash invested prints 25.66% in year one, and rental yield reads 8.85% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 133.21% and total cumulative return in cash sums $50,738. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $847/mo property income covering a $562/mo payment, not borrower’s personal income.
Townhouse
Built in 1979
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26062, Weirton, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,289 (100%) |
| Owner Occupied HU | 6,310 (61.3%) |
| Renter Occupied HU | 3,006 (29.2%) |
| Vacant Housing Units | 973 ( 9.5%) |
| Median Home Value | $141,449 |
| Average Home Value | $167,541 |
Housing Distribution
Address Breakdown
Residential
9,737
Single Family
9,391
Multi-Family
346
Businesses
811
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Listed by: Cory Greathouse • Century 21 Greathouse Realty, LLC
Mls Name: MLS Now
Mls ID: #5159883