18 Nichols StUnionWV24983
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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
Rental property for sale in Union at 18 Nichols St, Union, WV, 24983 priced at $177,500 converts $1,206/mo rent into $179/mo cash flow after a $869/mo obligation. Total monthly income equals $1,206/mo, and annual cash flow totals $2,145/yr on $58,841 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.15% against a $177,500 entry. Equity gained on principal adds $1,145/yr, while 5% annual appreciation compiles into $49,040 by year five. Five-year ROI reaches 121.87% and total cumulative return in cash sums $71,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,206/mo property income covering a $869/mo payment, not borrower’s personal income.
Single Family
Built in 1960
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24983, Union, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 884 (100%) |
| Owner Occupied HU | 575 (65.0%) |
| Renter Occupied HU | 145 (16.4%) |
| Vacant Housing Units | 164 (18.6%) |
| Median Home Value | $176,875 |
| Average Home Value | $245,704 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
850
Multi-Family
1
Businesses
101
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Listed by: Linda K Turner • Coldwell Banker Stuart and Watts Real Estate
Mls Name: GVMLS
Mls Provider:
Mls ID: #25-176
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.