240 Mountain View AveBluefieldWV24701
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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 Bluefield at 240 Mountain View Ave, Bluefield, WV, 24701 offers a 7.23% rental yield on a $134,500 purchase with $810/mo rent. Total monthly income registers $810/mo, and a $658/mo payment leaves $32/mo available for distribution. Annual cash flow reaches $385/yr on $44,587 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $868/yr while 5% annual appreciation supports $37,160 over five years. Portfolio math shows five-year ROI at 107.04% and total cumulative return in cash at $47,724. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $810/mo property income against a $658/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24701, Bluefield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,115 (100%) |
| Owner Occupied HU | 5,568 (55.0%) |
| Renter Occupied HU | 2,734 (27.0%) |
| Vacant Housing Units | 1,813 (17.9%) |
| Median Home Value | $111,471 |
| Average Home Value | $151,349 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,668
Multi-Family
426
Businesses
776
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Listed by: MARANDA BOLIN • CHRISTIAN MANAGEMENT CORP.
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55801