228 Cherry StHarrisvilleWV26362
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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 Harrisville at 228 Cherry St, Harrisville, WV, 26362 priced at $264,000 converts $2,221/mo rent into $690/mo cash flow after a $1,292/mo obligation. Total monthly income equals $2,221/mo, and annual cash flow totals $8,276/yr on $87,516 invested. Return on cash invested prints 29.37% in year one, and rental yield reads 10.1% against a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation compiles into $72,938 by year five. Five-year ROI reaches 153.05% and total cumulative return in cash sums $133,945. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,221/mo property income covering a $1,292/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26362, Harrisville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 940 (67.4%) |
| Renter Occupied HU | 294 (21.1%) |
| Vacant Housing Units | 160 (11.5%) |
| Median Home Value | $119,545 |
| Average Home Value | $182,992 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,345
Multi-Family
4
Businesses
138
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Listed by: Buddy Hodge • Small Town Realty, LLC
Mls Name: My State MLS
Mls ID: #11486602