223 Axtell AveRenickWV24966
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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 Renick at 223 Axtell Ave, Renick, WV, 24966 offers $1,440/mo rent that, after a $1,835/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 12.87% in year one, and rental yield stands at 4.61% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 64.56% and total cumulative return in cash reaches $80,259. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24966, Renick, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 827 (100%) |
| Owner Occupied HU | 511 (61.8%) |
| Renter Occupied HU | 107 (12.9%) |
| Vacant Housing Units | 209 (25.3%) |
| Median Home Value | $152,926 |
| Average Home Value | $176,727 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
515
Multi-Family
0
Businesses
22
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Listed by: Alinda Lee Perrine • RE/MAX LIFESTYLE REALTY
Mls Name: GVMLS
Mls Provider:
Mls ID: #24-1616
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.