2 River StElkinsWV26241
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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 River St, Elkins, WV, 26241 with 5% annual appreciation on a $229,000 basis while $1,624/mo rent supports operations. Total monthly income totals $1,624/mo and a $1,121/mo payment preserves $299/mo for cash returns. Annual cash flow comes to $3,586/yr on $75,914 deployed, and return on cash invested reaches 24.63% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 8.51%. Five-year ROI measures 127.67% and total cumulative return in cash totals $96,917.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,624/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
6,098 sqft 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: Christopher Pudder • HOUSE HUNTERS REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10157729
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 2025-02-18 10:13:48 PST