228 Rip Van Winkle RdWhite Sulphur SpringsWV24986
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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
Investment property for sale in White Sulphur Springs at 228 Rip Van Winkle Rd, White Sulphur Springs, WV, 24986 offers a 7.97% rental yield on a $215,000 purchase with $1,428/mo rent. Total monthly income registers $1,428/mo, and a $1,052/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,212/yr on $71,273 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 119% and total cumulative return in cash at $84,817. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,428/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24986, White Sulphur Springs, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,983 (100%) |
| Owner Occupied HU | 1,465 (49.1%) |
| Renter Occupied HU | 582 (19.5%) |
| Vacant Housing Units | 936 (31.4%) |
| Median Home Value | $136,922 |
| Average Home Value | $166,997 |
Housing Distribution
Address Breakdown
Residential
2,293
Single Family
2,285
Multi-Family
8
Businesses
191
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Listed by: Shannon Warren • Warren's Auction & Real Estate
Mls Name: GVMLS
Mls ID: #25-1313