306 Kanawha AveNitroWV25143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nitro at 306 Kanawha Ave, Nitro, WV, 25143 priced at $120,000 converts $957/mo rent into $263/mo cash flow after a $587/mo obligation. Total monthly income equals $957/mo, and annual cash flow totals $3,156/yr on $39,780 invested. Return on cash invested prints 27.84% in year one, and rental yield reads 9.57% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 144.81% and total cumulative return in cash sums $57,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $957/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1958
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25143, Nitro, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,284 (100%) |
| Owner Occupied HU | 2,428 (56.7%) |
| Renter Occupied HU | 1,351 (31.5%) |
| Vacant Housing Units | 505 (11.8%) |
| Median Home Value | $134,015 |
| Average Home Value | $185,139 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,854
Multi-Family
62
Businesses
351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaitlin Vogelaar • Better Homes and Gardens Real Estate Central
Mls Name: KVBR
Mls ID: #280320