29 Ridgeview DrCharlestonWV25320
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 Charleston at 29 Ridgeview Dr, Charleston, WV, 25320 offers $2,328/mo rent that, after a $1,463/mo payment, leaves $593/mo cash flow. Total monthly income is $2,328/mo, and annual cash flow is $7,118/yr on $99,119 cash. Return on cash invested measures 27.09% in year one, and rental yield stands at 9.34% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 140.87% and total cumulative return in cash reaches $139,630. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,328/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25320, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,544 (100%) |
| Owner Occupied HU | 1,756 (69.0%) |
| Renter Occupied HU | 507 (19.9%) |
| Vacant Housing Units | 281 (11.0%) |
| Median Home Value | $178,968 |
| Average Home Value | $220,038 |
Housing Distribution
Address Breakdown
Residential
2,312
Single Family
2,312
Multi-Family
0
Businesses
51
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Nearby investment properties with comparable prices
Listed by: Kelly Rae Moles • EXP REALTY, LLC
Mls Name: KVBR
Mls Provider:
Mls ID: #278536
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.