2 Fox Ridge RdElkinsWV26241
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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 Elkins at 2 Fox Ridge Rd, Elkins, WV, 26241 offers a 8.4% rental yield on a $250,000 purchase with $1,751/mo rent. Total monthly income registers $1,751/mo, and a $1,224/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,649/yr on $82,875 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 125.97% and total cumulative return in cash at $104,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,751/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26241, Elkins, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,733 (100%) |
| Owner Occupied HU | 3,834 (56.9%) |
| Renter Occupied HU | 1,986 (29.5%) |
| Vacant Housing Units | 913 (13.6%) |
| Median Home Value | $160,805 |
| Average Home Value | $197,956 |
Housing Distribution
Address Breakdown
Residential
6,290
Single Family
6,090
Multi-Family
200
Businesses
848
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Listed by: TODD RHODES • STEVENS' REALTY & MANAGEMENT
Mls Name: NCWV REIN
Mls ID: #10163125