170 24th StRainelleWV25962
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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 Rainelle at 170 24th St, Rainelle, WV, 25962 uses $40,609 cash to close to unlock $2,913/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $952/mo, and a $600/mo payment keeps the spread at $243/mo. Purchase price stands at $122,500, and rental yield measures 9.33% with $952/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash records $57,168. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $952/mo property income covering a $600/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25962, Rainelle, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,810 (100%) |
| Owner Occupied HU | 1,094 (60.4%) |
| Renter Occupied HU | 341 (18.8%) |
| Vacant Housing Units | 375 (20.7%) |
| Median Home Value | $109,946 |
| Average Home Value | $142,774 |
Housing Distribution
Address Breakdown
Residential
1,494
Single Family
1,491
Multi-Family
3
Businesses
120
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Listed by: Renee Harvey • Country Road Realty, LLC
Mls Name: GVMLS
Mls Provider:
Mls ID: #25-509
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.