1998 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 1998 Lake Floyd Cir, Salem, WV, 26426 generates $994/mo in rent and, after a $587/mo payment, leaves $300/mo in cash flow. Total monthly income is $994/mo, and annual cash flow is $3,601/yr on $39,747 invested. Return on cash invested sits at 28.97% in year one, and rental yield is 9.95% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 151.05% and total cumulative return in cash sums $60,036. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $994/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
0.54 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: Sherry Rieser • MCNEELY REALTY GROUP, INC
Mls Name: NCWV REIN
Mls ID: #10160224