2402 Clarence Taylor RdSpringfieldWV26763
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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 Springfield at 2402 Clarence Taylor Rd, Springfield, WV, 26763 uses $74,588 cash to close to unlock $5,345/yr annual cash flow and $445/mo monthly cash flow. Total monthly income runs $1,747/mo, and a $1,101/mo payment keeps the spread at $445/mo. Purchase price stands at $225,000, and rental yield measures 9.32% with $1,747/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 140.77% and total cumulative return in cash records $104,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,747/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1989
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26763, Springfield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 646 (67.1%) |
| Renter Occupied HU | 85 ( 8.8%) |
| Vacant Housing Units | 232 (24.1%) |
| Median Home Value | $227,852 |
| Average Home Value | $257,755 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
36
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Listed by: Keenan Shanholtz • WEST VIRGINIA LAND & HOME REALTY
Mls Name: Bright MLS
Mls ID: #WVHS2007210