2907 Noyes Ave SECharlestonWV25304
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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 Charleston at 2907 Noyes Ave SE, Charleston, WV, 25304 generates $1,770/mo in rent and, after a $1,248/mo payment, leaves $295/mo in cash flow. Total monthly income is $1,770/mo, and annual cash flow is $3,537/yr on $84,499 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 8.33% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 124.76% and total cumulative return in cash sums $105,420. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,770/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
5,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25304, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,051 (100%) |
| Owner Occupied HU | 2,230 (55.0%) |
| Renter Occupied HU | 1,332 (32.9%) |
| Vacant Housing Units | 489 (12.1%) |
| Median Home Value | $265,283 |
| Average Home Value | $351,439 |
Housing Distribution
Address Breakdown
Residential
3,935
Single Family
3,489
Multi-Family
446
Businesses
484
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Listed by: Margo H. Teeter • Old Colony
Mls Name: KVBR
Mls ID: #279966