305 Austin StPrincetonWV24740
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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 Princeton at 305 Austin St, Princeton, WV, 24740 uses $49,725 cash to close to unlock $27/yr annual cash flow and $2/mo monthly cash flow. Total monthly income runs $870/mo, and a $734/mo payment keeps the spread at $2/mo. Purchase price stands at $150,000, and rental yield measures 6.96% with $870/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 102.67% and total cumulative return in cash records $51,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $870/mo property income covering a $734/mo payment rather than investor’s personal income.
Townhouse
Built in 1998
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24740, Princeton, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,005 (100%) |
| Owner Occupied HU | 4,356 (54.4%) |
| Renter Occupied HU | 2,671 (33.4%) |
| Vacant Housing Units | 978 (12.2%) |
| Median Home Value | $148,519 |
| Average Home Value | $163,699 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,828
Multi-Family
523
Businesses
864
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Listed by: LEE ANN BARLOW- A.B. • ERA ADVANTAGE REALTY
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55727