2345 Miller AveFairmontWV26554
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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 Fairmont at 2345 Miller Ave, Fairmont, WV, 26554 generates $1,308/mo in rent and, after a $680/mo payment, leaves $504/mo in cash flow. Total monthly income is $1,308/mo, and annual cash flow is $6,049/yr on $46,079 invested. Return on cash invested sits at 33.04% in year one, and rental yield is 11.29% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 172.81% and total cumulative return in cash sums $79,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,308/mo property income rather than buyer’s personal income.
Single Family
Built in 1907
0.35 Acres lot
$N/A/sqft
No HOA
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Listed by: Shannon Onderko • SPRINGSTON REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158460
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers 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 last updated on 2025-03-21 11:13:24 PDT