308 Commerce DrCharlestonWV25306
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 Charleston at 308 Commerce Dr, Charleston, WV, 25306 priced at $259,000 converts $943/mo rent into after a $1,268/mo obligation. Total monthly income equals $943/mo. Return on cash invested prints 12.14% in year one, and rental yield reads 4.37% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 60.7% and total cumulative return in cash sums $52,120. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $943/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1940
8,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25306, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,512 (100%) |
| Owner Occupied HU | 1,922 (54.7%) |
| Renter Occupied HU | 1,053 (30.0%) |
| Vacant Housing Units | 537 (15.3%) |
| Median Home Value | $102,895 |
| Average Home Value | $147,088 |
Housing Distribution
Address Breakdown
Residential
3,071
Single Family
3,033
Multi-Family
38
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Ugland • Old Colony
Mls Name: KVBR
Mls Provider:
Mls ID: #275415
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.