188 Carter AvePhilippiWV26416
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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
Investment Highlights
Investment property for sale in Philippi at 188 Carter Ave, Philippi, WV, 26416 with 5% annual appreciation on a $122,900 basis while $990/mo rent supports operations. Total monthly income totals $990/mo and a $602/mo payment preserves $278/mo for cash returns. Annual cash flow comes to $3,341/yr on $40,741 deployed, and return on cash invested reaches 28.11% in year one. Equity gained on principal adds $793/yr, and five-year appreciation sums $33,955 alongside rental yield of 9.67%. Five-year ROI measures 146.4% and total cumulative return in cash totals $59,646.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $990/mo property income versus a $602/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1911
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26416, Philippi, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,158 (100%) |
| Owner Occupied HU | 1,963 (62.2%) |
| Renter Occupied HU | 708 (22.4%) |
| Vacant Housing Units | 487 (15.4%) |
| Median Home Value | $140,061 |
| Average Home Value | $168,565 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
2,920
Multi-Family
105
Businesses
214
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Listed by: MANDY MORRIS • HOUSE HUNTERS REAL ESTATE
Mls Name: NCWV REIN
Mls ID: #10161562