197 Oak DrSpencerWV25276
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
Investment property for sale in Spencer at 197 Oak Dr, Spencer, WV, 25276 uses $33,150 cash to close to unlock $2,686/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $802/mo, and a $489/mo payment keeps the spread at $224/mo. Purchase price stands at $100,000, and rental yield measures 9.62% with $802/mo rent. Return on cash invested shows 28.01% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 145.75% and total cumulative return in cash records $48,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $802/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25276, Spencer, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,565 (100%) |
| Owner Occupied HU | 2,068 (58.0%) |
| Renter Occupied HU | 913 (25.6%) |
| Vacant Housing Units | 584 (16.4%) |
| Median Home Value | $138,060 |
| Average Home Value | $205,079 |
Housing Distribution
Address Breakdown
Residential
3,322
Single Family
3,229
Multi-Family
93
Businesses
295
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael M Moore • Runyan & Associates REALTORS
Mls Name: KVBR
Mls Provider:
Mls ID: #272820
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.