229 Turkey Pen DrCharlestonWV25320
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 Charleston at 229 Turkey Pen Dr, Charleston, WV, 25320 priced at $199,000 converts $1,324/mo rent into $173/mo cash flow after a $974/mo obligation. Total monthly income equals $1,324/mo, and annual cash flow totals $2,071/yr on $65,969 invested. Return on cash invested prints 23.05% in year one, and rental yield reads 7.98% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 119.16% and total cumulative return in cash sums $78,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,324/mo property income covering a $974/mo payment, not borrower’s personal income.
Manufactured
Built in 2012
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25320, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,544 (100%) |
| Owner Occupied HU | 1,756 (69.0%) |
| Renter Occupied HU | 507 (19.9%) |
| Vacant Housing Units | 281 (11.0%) |
| Median Home Value | $178,968 |
| Average Home Value | $220,038 |
Housing Distribution
Address Breakdown
Residential
2,312
Single Family
2,312
Multi-Family
0
Businesses
51
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Nearby investment properties with comparable prices
Listed by: Amy Lilly • REALTY EXCHANGE COMMERCIAL/RES
Mls Name: KVBR
Mls Provider:
Mls ID: #277826
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.