246 Joy DrRidgeleyWV26753
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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 Ridgeley at 246 Joy Dr, Ridgeley, WV, 26753 earns $422/mo cash flow from $1,724/mo rent with a $1,101/mo payment. Total monthly income totals $1,724/mo, and annual cash flow totals $5,069/yr on $74,588 capital. ROI tracks 26.7% on current figures, and rental yield reads 9.19% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 138.78% and total cumulative return in cash sums $103,509. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,724/mo property income instead of your personal income.
Single Family
Built in 1973
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26753, Ridgeley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 2,274 (77.5%) |
| Renter Occupied HU | 445 (15.2%) |
| Vacant Housing Units | 215 ( 7.3%) |
| Median Home Value | $238,770 |
| Average Home Value | $315,654 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,352
Multi-Family
0
Businesses
116
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Listed by: Allyson Litten • Mountainside Home Realty
Mls Name: Bright MLS
Mls ID: #WVMI2003944