214 Redknot StPrincetonWV24740
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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
Rental property for sale in Princeton at 214 Redknot St, Princeton, WV, 24740 generates $1,241/mo in rent and, after a $1,008/mo payment, leaves $28/mo in cash flow. Total monthly income is $1,241/mo, and annual cash flow is $341/yr on $68,256 invested. Return on cash invested sits at 20.41% in year one, and rental yield is 7.23% on a $205,900 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation builds toward $56,886 over five years. Five-year ROI reaches 105.15% and total cumulative return in cash sums $71,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,241/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$21 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24740, Princeton, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,005 (100%) |
| Owner Occupied HU | 4,356 (54.4%) |
| Renter Occupied HU | 2,671 (33.4%) |
| Vacant Housing Units | 978 (12.2%) |
| Median Home Value | $148,519 |
| Average Home Value | $163,699 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,828
Multi-Family
523
Businesses
864
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Listed by: N/A • N/A
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