220 Bird Ridge RdSpringfieldWV26763
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 Springfield at 220 Bird Ridge Rd, Springfield, WV, 26763 offers $1,550/mo rent that, after a $1,052/mo payment, leaves $306/mo cash flow. Total monthly income is $1,550/mo, and annual cash flow is $3,676/yr on $71,273 cash. Return on cash invested measures 25.07% in year one, and rental yield stands at 8.65% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 130.02% and total cumulative return in cash reaches $92,665. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,550/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
7.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26763, Springfield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 646 (67.1%) |
| Renter Occupied HU | 85 ( 8.8%) |
| Vacant Housing Units | 232 (24.1%) |
| Median Home Value | $227,852 |
| Average Home Value | $257,755 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
36
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Listed by: Craig See • Pioneer Ridge Realty
Mls Name: Bright MLS
Mls ID: #WVHS2007126