1632 Fairmont AveFairmontWV26554
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
Investment property for sale in Fairmont at 1632 Fairmont Ave, Fairmont, WV, 26554 uses $58,013 cash to close to unlock $15,396/yr annual cash flow and $1,283/mo monthly cash flow. Total monthly income runs $2,306/mo, and a $857/mo payment keeps the spread at $1,283/mo. Purchase price stands at $175,000, and rental yield measures 15.81% with $2,306/mo rent. Return on cash invested shows 46.45% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 244.8% and total cumulative return in cash records $142,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,306/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.27 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Pro-Phillips • REAL BROKER, LLC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156265
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers 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 last updated on 2024-02-07 10:15:58 PST