201 3rd StParsonsWV26287
Nearby investment properties with comparable rents
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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 Parsons at 201 3rd St, Parsons, WV, 26287 offers a 7.43% rental yield on a $155,000 purchase with $960/mo rent. Total monthly income registers $960/mo, and a $759/mo payment leaves $63/mo available for distribution. Annual cash flow reaches $754/yr on $51,383 to close, and return on cash invested stands at 21.38% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 110.19% and total cumulative return in cash at $56,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26287, Parsons, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,532 (100%) |
| Owner Occupied HU | 935 (61.0%) |
| Renter Occupied HU | 249 (16.3%) |
| Vacant Housing Units | 348 (22.7%) |
| Median Home Value | $143,359 |
| Average Home Value | $180,064 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,367
Multi-Family
30
Businesses
137
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Listed by: MICHELLE RHODES • STEVENS' REALTY & MANAGEMENT
Mls Name: NCWV REIN
Mls ID: #10162608