285 Hoff StBelingtonWV26250
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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
Rental property for sale in Belington at 285 Hoff St, Belington, WV, 26250 priced at $199,000 converts $1,500/mo rent into $349/mo cash flow after a $974/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $4,183/yr on $65,969 invested. Return on cash invested prints 26.25% in year one, and rental yield reads 9.05% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 136.33% and total cumulative return in cash sums $89,934. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26250, Belington, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,405 (100%) |
| Owner Occupied HU | 1,669 (69.4%) |
| Renter Occupied HU | 466 (19.4%) |
| Vacant Housing Units | 270 (11.2%) |
| Median Home Value | $107,341 |
| Average Home Value | $143,042 |
Housing Distribution
Address Breakdown
Residential
2,042
Single Family
2,004
Multi-Family
38
Businesses
124
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Listed by: Rhonda Robinson • HOUSE HUNTERS REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155996
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 2024-02-07 10:15:58 PST