1816 Riverside DrRainelleWV25962
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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 Rainelle at 1816 Riverside Dr, Rainelle, WV, 25962 offers $1,296/mo rent that, after a $636/mo payment, leaves $544/mo cash flow. Total monthly income is $1,296/mo, and annual cash flow is $6,529/yr on $43,095 cash. Return on cash invested measures 35.06% in year one, and rental yield stands at 11.96% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 183.65% and total cumulative return in cash reaches $79,143. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,296/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.60 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: Katie A Boggs • Real Estate Limited
Mls Name: GVMLS
Mls Provider:
Mls ID: #24-979
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.