2308 Orchard RdBallardWV24918
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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 Ballard at 2308 Orchard Rd, Ballard, WV, 24918 with 5% annual appreciation on a $149,000 basis while $934/mo rent supports operations. Total monthly income totals $934/mo and a $729/mo payment preserves $72/mo for cash returns. Annual cash flow comes to $866/yr on $49,394 deployed, and return on cash invested reaches 21.66% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 7.52%. Five-year ROI measures 111.84% and total cumulative return in cash totals $55,240.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $934/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1996
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24918, Ballard, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 725 (100%) |
| Owner Occupied HU | 496 (68.4%) |
| Renter Occupied HU | 126 (17.4%) |
| Vacant Housing Units | 103 (14.2%) |
| Median Home Value | $163,514 |
| Average Home Value | $191,472 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
7
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Listed by: Jan Bailey • COLDWELL BANKER YOST REAL ESTATE
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #52840
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.