203 Melrose DrHurricaneWV25526
INVESTMENT ANALYSIS
Investment Verdict
Solid Income203 Melrose Dr, Hurricane, WV, 25526 in Hurricane is a solid income-producing rental, 9.1% gross yield, $2,237/mo rent, $530/mo net cash flow on a $295,000 buy. DSCR 1.69 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $81,503 and $2,717/yr in principal reduction project a total cumulative return of $145,410.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $530 | $185 |
City averages based on Hurricane market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,237 |
| Total Monthly Debt Service | $1,590 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25526, Hurricane, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,752 (100%) |
| Owner Occupied HU | 7,198 (73.8%) |
| Renter Occupied HU | 1,947 (20.0%) |
| Vacant Housing Units | 607 ( 6.2%) |
| Median Home Value | $255,492 |
| Average Home Value | $280,442 |
Housing Distribution
Address Breakdown
Residential
9,327
Single Family
9,165
Multi-Family
162
Businesses
852
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
Single Family
Built in 1959
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25526, Hurricane, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,752 (100%) |
| Owner Occupied HU | 7,198 (73.8%) |
| Renter Occupied HU | 1,947 (20.0%) |
| Vacant Housing Units | 607 ( 6.2%) |
| Median Home Value | $255,492 |
| Average Home Value | $280,442 |
Housing Distribution
Address Breakdown
Residential
9,327
Single Family
9,165
Multi-Family
162
Businesses
852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony Stillwell • Better Homes and Gardens Real Estate Central
Mls Name: KVBR
Mls Provider:
Mls ID: #278267
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.