313 View AveFairmontWV26554
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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 Fairmont at 313 View Ave, Fairmont, WV, 26554 generates $822/mo in rent and, after a $534/mo payment, leaves $191/mo in cash flow. Total monthly income is $822/mo, and annual cash flow is $2,290/yr on $36,134 invested. Return on cash invested sits at 26.25% in year one, and rental yield is 9.05% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 136.32% and total cumulative return in cash sums $49,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $822/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
4,748 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Cristy Moats • HOWARD HANNA
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10151161
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