196 Spruce StThomasWV26292
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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 Thomas at 196 Spruce St, Thomas, WV, 26292 priced at $315,000 converts $779/mo rent into after a $1,542/mo obligation. Total monthly income equals $779/mo. Return on cash invested prints 7.91% in year one, and rental yield reads 2.97% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 38.02% and total cumulative return in cash sums $39,701. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $779/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26292, Thomas, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 443 (100%) |
| Owner Occupied HU | 238 (53.7%) |
| Renter Occupied HU | 97 (21.9%) |
| Vacant Housing Units | 108 (24.4%) |
| Median Home Value | $134,451 |
| Average Home Value | $142,216 |
Housing Distribution
Address Breakdown
Residential
145
Single Family
145
Multi-Family
0
Businesses
63
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Listed by: Gerald Johnston • MOUNTAINTOP REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10159291
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2025-10-10 23:35:18 PDT