1812 2nd St.WheelingWV26041
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1812 2nd St, Wheeling, WV, 26041 in Wheeling: $1,505/mo in rent, $586/mo net, 11.43% gross yield, all on a $158,000 acquisition. The 2.12 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $43,652 in value, and $1,455/yr in principal paydown steadily builds equity. Projected total cumulative return: $97,435.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 9.2% |
| Monthly Cash Flow | $586 | $450 |
City averages based on Wheeling market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,505 |
| Total Monthly Debt Service | $856 |
| DSCR Ratio | 1.76x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26041, Moundsville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,334 (100%) |
| Owner Occupied HU | 4,907 (66.9%) |
| Renter Occupied HU | 1,573 (21.4%) |
| Vacant Housing Units | 854 (11.6%) |
| Median Home Value | $144,770 |
| Average Home Value | $182,278 |
Housing Distribution
Address Breakdown
Residential
6,672
Single Family
6,499
Multi-Family
173
Businesses
447
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
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26041, Moundsville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,334 (100%) |
| Owner Occupied HU | 4,907 (66.9%) |
| Renter Occupied HU | 1,573 (21.4%) |
| Vacant Housing Units | 854 (11.6%) |
| Median Home Value | $144,770 |
| Average Home Value | $182,278 |
Housing Distribution
Address Breakdown
Residential
6,672
Single Family
6,499
Multi-Family
173
Businesses
447
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becky Ann Mcneely • Harvey Goodman Realtors
Mls Name: Wheeling BOR
Mls ID: #139101
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.