189 Summit StElkinsWV26241
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
Investment Highlights
Rental property for sale in Elkins at 189 Summit St, Elkins, WV, 26241 offers $1,153/mo rent that, after a $710/mo payment, leaves $314/mo cash flow. Total monthly income is $1,153/mo, and annual cash flow is $3,765/yr on $48,068 cash. Return on cash invested measures 27.74% in year one, and rental yield stands at 9.54% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 144.31% and total cumulative return in cash reaches $69,368. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,153/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26241, Elkins, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,733 (100%) |
| Owner Occupied HU | 3,834 (56.9%) |
| Renter Occupied HU | 1,986 (29.5%) |
| Vacant Housing Units | 913 (13.6%) |
| Median Home Value | $160,805 |
| Average Home Value | $197,956 |
Housing Distribution
Address Breakdown
Residential
6,290
Single Family
6,090
Multi-Family
200
Businesses
848
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Listed by: STACY WILSON • BETTER HOMES AND GARDENS REAL ESTATE CENTRAL
Mls Name: NCWV REIN
Mls ID: #10161980