24 Fairway DrMount ClareWV26408
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 Mount Clare at 24 Fairway Dr, Mount Clare, WV, 26408 priced at $229,500 converts $1,793/mo rent into $415/mo cash flow after a $1,123/mo obligation. Total monthly income equals $1,793/mo, and annual cash flow totals $4,984/yr on $76,079 invested. Return on cash invested prints 26.46% in year one, and rental yield reads 9.38% against a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation compiles into $63,407 by year five. Five-year ROI reaches 137.78% and total cumulative return in cash sums $104,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,793/mo property income covering a $1,123/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
2,875 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26408, Mount Clare, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,243 (100%) |
| Owner Occupied HU | 1,006 (80.9%) |
| Renter Occupied HU | 146 (11.7%) |
| Vacant Housing Units | 91 ( 7.3%) |
| Median Home Value | $254,128 |
| Average Home Value | $289,076 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,039
Multi-Family
0
Businesses
45
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tanya Devine • SPRINGSTON REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158791
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 2025-04-19 12:21:39 PDT