1906 Old Furnace RdRidgeleyWV26753
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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
Investment property for sale in Ridgeley at 1906 Old Furnace Rd, Ridgeley, WV, 26753 offers a 10.83% rental yield on a $129,000 purchase with $1,164/mo rent. Total monthly income registers $1,164/mo, and a $631/mo payment leaves $418/mo available for distribution. Annual cash flow reaches $5,016/yr on $42,764 to close, and return on cash invested stands at 31.64% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 165.23% and total cumulative return in cash at $70,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,164/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26753, Ridgeley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 2,274 (77.5%) |
| Renter Occupied HU | 445 (15.2%) |
| Vacant Housing Units | 215 ( 7.3%) |
| Median Home Value | $238,770 |
| Average Home Value | $315,654 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,352
Multi-Family
0
Businesses
116
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Listed by: Megan Alt • Mountainside Home Realty
Mls Name: Bright MLS
Mls ID: #WVMI2003848