246 Johnson StAldersonWV24910
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 Alderson at 246 Johnson St, Alderson, WV, 24910 priced at $200,000 pairs $2,022/mo rent with $865/mo cash flow after a $979/mo payment. Total monthly income equals $2,022/mo, and annual cash flow comes to $10,376/yr on $66,300 invested. Return on cash invested is 35.56% in year one, and rental yield stands at 12.13% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 186.26% and total cumulative return in cash reaches $123,488. For financing, Ziffy Mortgage’s DSCR program evaluates $2,022/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24910, Alderson, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,096 (59.2%) |
| Renter Occupied HU | 331 (17.9%) |
| Vacant Housing Units | 423 (22.9%) |
| Median Home Value | $149,211 |
| Average Home Value | $202,783 |
Housing Distribution
Address Breakdown
Residential
1,541
Single Family
1,541
Multi-Family
0
Businesses
86
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Nearby investment properties with comparable prices
Listed by: Randy Burdette • Foxfire Realty
Mls Name: My State MLS
Mls ID: #11289269