31631 Northwestern PikeRomneyWV26757
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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 Romney at 31631 Northwestern Pike, Romney, WV, 26757 generates $1,726/mo in rent, after a $1,463/mo payment. Total monthly income is $1,726/mo. Return on cash invested sits at 19.87% in year one, and rental yield is 6.93% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 102.11% and total cumulative return in cash sums $101,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,726/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26757, Romney, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,403 (100%) |
| Owner Occupied HU | 1,911 (56.2%) |
| Renter Occupied HU | 873 (25.7%) |
| Vacant Housing Units | 619 (18.2%) |
| Median Home Value | $207,365 |
| Average Home Value | $236,083 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,748
Multi-Family
158
Businesses
331
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Listed by: Mike Curran • Coldwell Banker Home Town Realty
Mls Name: Bright MLS
Mls ID: #WVHS2006742