307 Adams StManningtonWV26582
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 Mannington at 307 Adams St, Mannington, WV, 26582 generates $2,057/mo in rent and, after a $929/mo payment, leaves $959/mo in cash flow. Total monthly income is $2,057/mo, and annual cash flow is $11,504/yr on $62,952 invested. Return on cash invested sits at 38.18% in year one, and rental yield is 13% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 200.33% and total cumulative return in cash sums $126,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,057/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26582, Mannington, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,678 (72.0%) |
| Renter Occupied HU | 329 (14.1%) |
| Vacant Housing Units | 323 (13.9%) |
| Median Home Value | $155,769 |
| Average Home Value | $179,993 |
Housing Distribution
Address Breakdown
Residential
1,989
Single Family
1,989
Multi-Family
0
Businesses
100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Anne Mullenax • KEYSTONE REALTY GROUP LLC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156896
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 2024-02-07 10:15:58 PST