231 2nd AveMidwayWV25878
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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 Midway at 231 2nd Ave, Midway, WV, 25878 listed at $112,000 pairs $1,042/mo rent with a $548/mo payment to leave $394/mo cash flow. Total monthly income runs $1,042/mo, and annual cash flow reaches $4,730/yr on $37,128 cash to close. Return on cash invested measures 32.65% in year one, and rental yield registers 11.16% at a $112,000 basis. Equity gained on principal adds $723/yr, and annual property appreciation at 5% supports $30,944 by year five. Five-year ROI tracks 170.73% and total cumulative return in cash totals $63,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,042/mo property income relative to a $548/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25878, Midway, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 249 (62.2%) |
| Renter Occupied HU | 104 (26.0%) |
| Vacant Housing Units | 47 (11.7%) |
| Median Home Value | $144,886 |
| Average Home Value | $155,552 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
4
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Listed by: Kathryn Williams • ALTRUIST REALTY GROUP
Mls Name: Beckley BOR
Mls Provider:
Mls ID: #90954
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.