308 Elm StSouth CharlestonWV25303
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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 South Charleston at 308 Elm St, South Charleston, WV, 25303 uses $62,654 cash to close to unlock $4,698/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,485/mo, and a $925/mo payment keeps the spread at $391/mo. Purchase price stands at $189,000, and rental yield measures 9.43% with $1,485/mo rent. Return on cash invested shows 27.41% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 142.55% and total cumulative return in cash records $89,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,485/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25303, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,403 (100%) |
| Owner Occupied HU | 2,046 (60.1%) |
| Renter Occupied HU | 963 (28.3%) |
| Vacant Housing Units | 394 (11.6%) |
| Median Home Value | $185,913 |
| Average Home Value | $219,736 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
3,160
Multi-Family
107
Businesses
439
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Listed by: Drema Davis • Old Colony
Mls Name: KVBR
Mls ID: #281357