3007 Merrill AveHuntingtonWV25702
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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 Huntington at 3007 Merrill Ave, Huntington, WV, 25702 offers a 9.39% rental yield on a $269,000 purchase with $2,106/mo rent. Total monthly income registers $2,106/mo, and a $1,317/mo payment leaves $549/mo available for distribution. Annual cash flow reaches $6,590/yr on $89,174 to close, and return on cash invested stands at 27.3% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 142% and total cumulative return in cash at $126,623. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,106/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25702, Huntington, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,598 (100%) |
| Owner Occupied HU | 1,621 (45.1%) |
| Renter Occupied HU | 1,360 (37.8%) |
| Vacant Housing Units | 617 (17.1%) |
| Median Home Value | $90,231 |
| Average Home Value | $150,851 |
Housing Distribution
Address Breakdown
Residential
3,347
Single Family
3,154
Multi-Family
193
Businesses
240
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Listed by: Edward Cordle • Old Colony Realtors Huntington
Mls Name: HUNTMLS
Mls ID: #182493