293 Riverside DrLoganWV25601
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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
Investment property for sale in Logan at 293 Riverside Dr, Logan, WV, 25601 uses $97,793 cash to close to unlock $10,560/yr annual cash flow and $880/mo monthly cash flow. Total monthly income runs $2,587/mo, and a $1,444/mo payment keeps the spread at $880/mo. Purchase price stands at $295,000, and rental yield measures 10.52% with $2,587/mo rent. Return on cash invested shows 30.71% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 160.21% and total cumulative return in cash records $156,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,587/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1927
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25601, Logan, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,974 (100%) |
| Owner Occupied HU | 2,449 (61.6%) |
| Renter Occupied HU | 975 (24.5%) |
| Vacant Housing Units | 550 (13.8%) |
| Median Home Value | $99,575 |
| Average Home Value | $116,586 |
Housing Distribution
Address Breakdown
Residential
2,581
Single Family
2,446
Multi-Family
135
Businesses
485
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