313 Grant StNewellWV26050
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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
Rental property for sale in Newell at 313 Grant St, Newell, WV, 26050 priced at $119,900 converts $898/mo rent into $204/mo cash flow after a $587/mo obligation. Total monthly income equals $898/mo, and annual cash flow totals $2,449/yr on $39,747 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 8.99% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 135.47% and total cumulative return in cash sums $53,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $898/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1925
3,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26050, Newell, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 688 (100%) |
| Owner Occupied HU | 359 (52.2%) |
| Renter Occupied HU | 206 (29.9%) |
| Vacant Housing Units | 123 (17.9%) |
| Median Home Value | $100,977 |
| Average Home Value | $121,407 |
Housing Distribution
Address Breakdown
Residential
536
Single Family
534
Multi-Family
2
Businesses
49
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Listed by: Jessica L Alrutz-Speer • JJ Guida Airport Realty
Mls Name: MLS Now
Mls ID: #5150044