242 Boggs FrkSpencerWV25276
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 Spencer at 242 Boggs Frk, Spencer, WV, 25276 priced at $179,000 pairs $1,120/mo rent with $84/mo cash flow after a $876/mo payment. Total monthly income equals $1,120/mo, and annual cash flow comes to $1,013/yr on $59,339 invested. Return on cash invested is 21.62% in year one, and rental yield stands at 7.51% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 111.51% and total cumulative return in cash reaches $66,171. For financing, Ziffy Mortgage’s DSCR program evaluates $1,120/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25276, Spencer, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,565 (100%) |
| Owner Occupied HU | 2,068 (58.0%) |
| Renter Occupied HU | 913 (25.6%) |
| Vacant Housing Units | 584 (16.4%) |
| Median Home Value | $138,060 |
| Average Home Value | $205,079 |
Housing Distribution
Address Breakdown
Residential
3,322
Single Family
3,229
Multi-Family
93
Businesses
295
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Nearby investment properties with comparable prices
Listed by: Jennifer Nichols • Board-DePue Realty Co., LLC
Mls Name: My State MLS
Mls ID: #11432813