194 Meadowland DrRidgeleyWV26753
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 Ridgeley at 194 Meadowland Dr, Ridgeley, WV, 26753 offers $1,440/mo rent that, after a $2,526/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 9.13% in year one, and rental yield stands at 3.35% at a $516,000 entry. Equity gained on principal adds $3,330/yr while 5% annual appreciation compounds into $142,561 by year five. Five-year ROI records 44.48% and total cumulative return in cash reaches $75,507. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $2,526/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
1.21 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: Katie Gattens • Coldwell Banker Home Town Realty
Mls Name: Bright MLS
Mls ID: #WVMI2003640