28 Shingleton RdSpelterWV26438
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 Spelter at 28 Shingleton Rd, Spelter, WV, 26438 generates $1,029/mo in rent and, after a $631/mo payment, leaves $283/mo in cash flow. Total monthly income is $1,029/mo, and annual cash flow is $3,396/yr on $42,764 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 9.57% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 144.88% and total cumulative return in cash sums $61,957. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,029/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26438, Spelter, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 81 (100%) |
| Owner Occupied HU | 42 (51.9%) |
| Renter Occupied HU | 30 (37.0%) |
| Vacant Housing Units | 9 (11.1%) |
| Median Home Value | $162,500 |
| Average Home Value | $185,655 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Riddle • PREFERRED PROPERTIES
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158758
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2025-04-19 12:21:39 PDT