1914 Lake Floyd CirSalemWV26426
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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 Salem at 1914 Lake Floyd Cir, Salem, WV, 26426 offers $1,454/mo rent that, after a $1,150/mo payment, leaves $94/mo cash flow. Total monthly income is $1,454/mo, and annual cash flow is $1,134/yr on $77,903 cash. Return on cash invested measures 21.36% in year one, and rental yield stands at 7.42% at a $235,000 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,926 by year five. Five-year ROI records 110.14% and total cumulative return in cash reaches $85,804. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,454/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26426, Salem, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,968 (67.3%) |
| Renter Occupied HU | 525 (18.0%) |
| Vacant Housing Units | 430 (14.7%) |
| Median Home Value | $175,000 |
| Average Home Value | $214,647 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
2,567
Multi-Family
118
Businesses
117
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Listed by: LINDA SYSLO • EXP REALTY
Mls Name: NCWV REIN
Mls ID: #10158917