2971 Harmon School RdPrincetonWV24739
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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 Princeton at 2971 Harmon School Rd, Princeton, WV, 24739 generates $2,185/mo in rent and, after a $1,610/mo payment, leaves $282/mo in cash flow. Total monthly income is $2,185/mo, and annual cash flow is $3,380/yr on $109,064 invested. Return on cash invested sits at 23.01% in year one, and rental yield is 7.97% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 118.94% and total cumulative return in cash sums $129,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,185/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24739, Oakvale, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,992 (100%) |
| Owner Occupied HU | 4,039 (67.4%) |
| Renter Occupied HU | 1,379 (23.0%) |
| Vacant Housing Units | 574 ( 9.6%) |
| Median Home Value | $165,415 |
| Average Home Value | $177,607 |
Housing Distribution
Address Breakdown
Residential
5,827
Single Family
5,785
Multi-Family
42
Businesses
208
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Listed by: N/A • N/A
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