274 East AveThomasWV26292
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.18% gross rental yield, 274 East Ave, Thomas, WV, 26292 in Thomas is priced for capital growth, not immediate cash flow. The $625,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $172,676 by year five, with $5,756/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.40) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $76,186.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 6.2% |
| Monthly Cash Flow | $(2,482) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,134 |
| Total Monthly Debt Service | $3,368 |
| DSCR Ratio | 0.34x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1946
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26292, Thomas, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 443 (100%) |
| Owner Occupied HU | 238 (53.7%) |
| Renter Occupied HU | 97 (21.9%) |
| Vacant Housing Units | 108 (24.4%) |
| Median Home Value | $134,451 |
| Average Home Value | $142,216 |
Housing Distribution
Address Breakdown
Residential
145
Single Family
145
Multi-Family
0
Businesses
63
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
Multi Family
Built in 1946
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26292, Thomas, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 443 (100%) |
| Owner Occupied HU | 238 (53.7%) |
| Renter Occupied HU | 97 (21.9%) |
| Vacant Housing Units | 108 (24.4%) |
| Median Home Value | $134,451 |
| Average Home Value | $142,216 |
Housing Distribution
Address Breakdown
Residential
145
Single Family
145
Multi-Family
0
Businesses
63
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GERALD JOHNSTON • MOUNTAINTOP REALTY, LLC
Mls Name: NCWV REIN
Mls ID: #10163135