2274 Steel Ridge RdRed HouseWV25168
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
Investment property for sale in Red House at 2274 Steel Ridge Rd, Red House, WV, 25168 earns $685/mo cash flow from $2,074/mo rent with a $1,175/mo payment. Total monthly income totals $2,074/mo, and annual cash flow totals $8,220/yr on $79,560 capital. ROI tracks 30.24% on current figures, and rental yield reads 10.37% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 157.71% and total cumulative return in cash sums $125,474. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,074/mo property income instead of your personal income.
Manufactured
Built in 1993
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25168, Red House, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,552 (100%) |
| Owner Occupied HU | 1,217 (78.4%) |
| Renter Occupied HU | 232 (14.9%) |
| Vacant Housing Units | 103 ( 6.6%) |
| Median Home Value | $179,594 |
| Average Home Value | $203,749 |
Housing Distribution
Address Breakdown
Residential
1,199
Single Family
1,199
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tabitha Parsons • Old Colony
Mls Name: KVBR
Mls ID: #279643