2 Salt Sulphur LnUnionWV24983
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
Rental property for sale in Union at 2 Salt Sulphur Ln, Union, WV, 24983 priced at $1,795,000 converts $5,400/mo rent into after a $8,786/mo obligation. Total monthly income equals $5,400/mo. Return on cash invested prints 10.08% in year one, and rental yield reads 3.61% against a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation compiles into $495,925 by year five. Five-year ROI reaches 49.5% and total cumulative return in cash sums $287,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,400/mo property income covering a $8,786/mo payment, not borrower’s personal income.
Single Family
Built in 1820
28.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24983, Union, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 884 (100%) |
| Owner Occupied HU | 575 (65.0%) |
| Renter Occupied HU | 145 (16.4%) |
| Vacant Housing Units | 164 (18.6%) |
| Median Home Value | $176,875 |
| Average Home Value | $245,704 |
Housing Distribution
Address Breakdown
Residential
851
Single Family
850
Multi-Family
1
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Grist • Foxfire Realty
Mls Name: My State MLS
Mls ID: #11334675