308 1st St WMadisonWV25130
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
Investment property for sale in Madison at 308 1st St W, Madison, WV, 25130 offers a 9.27% rental yield on a $102,000 purchase with $788/mo rent. Total monthly income registers $788/mo, and a $499/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,377/yr on $33,813 to close, and return on cash invested stands at 26.94% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,181 over five years. Portfolio math shows five-year ROI at 140.17% and total cumulative return in cash at $47,396. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $788/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25130, Madison, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,911 (100%) |
| Owner Occupied HU | 1,182 (61.9%) |
| Renter Occupied HU | 461 (24.1%) |
| Vacant Housing Units | 268 (14.0%) |
| Median Home Value | $123,821 |
| Average Home Value | $185,573 |
Housing Distribution
Address Breakdown
Residential
1,226
Single Family
1,202
Multi-Family
24
Businesses
164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharon Mullins • Boone Realty, LLC
Mls Name: KVBR
Mls Provider:
Mls ID: #277053
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.