164 Locust LnFollansbeeWV26037
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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 Follansbee at 164 Locust Ln, Follansbee, WV, 26037 listed at $135,000 pairs $1,059/mo rent with a $661/mo payment to leave $278/mo cash flow. Total monthly income runs $1,059/mo, and annual cash flow reaches $3,332/yr on $44,753 cash to close. Return on cash invested measures 27.35% in year one, and rental yield registers 9.41% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 142.25% and total cumulative return in cash totals $63,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,059/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1921
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26037, Follansbee, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,852 (100%) |
| Owner Occupied HU | 1,878 (65.8%) |
| Renter Occupied HU | 651 (22.8%) |
| Vacant Housing Units | 323 (11.3%) |
| Median Home Value | $144,231 |
| Average Home Value | $187,855 |
Housing Distribution
Address Breakdown
Residential
2,811
Single Family
2,664
Multi-Family
147
Businesses
160
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Listed by: Anthony J Viola II • Howard Hanna Mortimer Realty
Mls Name: MLS Now
Mls ID: #5160635