188 Chestnut StRainelleWV25962
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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 188 Chestnut St, Rainelle, WV, 25962 priced at $144,000 converts $0/mo rent into after a $705/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.04% in year one, and rental yield reads 0% against a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation compiles into $39,785 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $705/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,318 sqft 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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No similar rental properties found nearby.
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Listed by: Rosa Kessler • EXIT ELEVATION REALTY
Mls Name: Beckley BOR
Mls ID: #92883