1700 Ohio StBluefieldWV24701
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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 Bluefield at 1700 Ohio St, Bluefield, WV, 24701 offers a 9.74% rental yield on a $117,500 purchase with $954/mo rent. Total monthly income registers $954/mo, and a $575/mo payment leaves $274/mo available for distribution. Annual cash flow reaches $3,291/yr on $38,951 to close, and return on cash invested stands at 28.36% in year one. Equity gained on principal adds $758/yr while 5% annual appreciation supports $32,463 over five years. Portfolio math shows five-year ROI at 147.73% and total cumulative return in cash at $57,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $954/mo property income against a $575/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24701, Bluefield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,115 (100%) |
| Owner Occupied HU | 5,568 (55.0%) |
| Renter Occupied HU | 2,734 (27.0%) |
| Vacant Housing Units | 1,813 (17.9%) |
| Median Home Value | $111,471 |
| Average Home Value | $151,349 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,668
Multi-Family
426
Businesses
776
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Listed by: LORRAINE BROWNING • BERKSHIRE HATHAWAY HOMESERVICES FOUR SEASONS SELECT
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55708