2974 Union RdPhilippiWV26416
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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 Philippi at 2974 Union Rd, Philippi, WV, 26416 generates $936/mo in rent, after a $1,077/mo payment. Total monthly income is $936/mo. Return on cash invested sits at 14.36% in year one, and rental yield is 5.11% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 72.58% and total cumulative return in cash sums $52,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $936/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26416, Philippi, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,158 (100%) |
| Owner Occupied HU | 1,963 (62.2%) |
| Renter Occupied HU | 708 (22.4%) |
| Vacant Housing Units | 487 (15.4%) |
| Median Home Value | $140,061 |
| Average Home Value | $168,565 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
2,920
Multi-Family
105
Businesses
214
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Listed by: Beth A Long • ALL SEASONS REAL ESTATE SERVICE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10159757
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 2025-06-05 13:16:29 PDT