196 Park AveCraigsvilleWV26205
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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 Craigsville at 196 Park Ave, Craigsville, WV, 26205 uses $55,692 cash to close to unlock $26/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $974/mo, and a $822/mo payment keeps the spread at $2/mo. Purchase price stands at $168,000, and rental yield measures 6.96% with $974/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 102.64% and total cumulative return in cash records $57,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $974/mo property income covering a $822/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26205, Craigsville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,452 (100%) |
| Owner Occupied HU | 1,018 (70.1%) |
| Renter Occupied HU | 269 (18.5%) |
| Vacant Housing Units | 165 (11.4%) |
| Median Home Value | $112,410 |
| Average Home Value | $135,079 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
955
Multi-Family
1
Businesses
92
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Listed by: Betty Lewis • Castles and Creeks Real Estate
Mls Name: Fayette-Nicholas BOR
Mls ID: #24-615
Disclaimer: Copyright Fayette-Nicholas Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.