3165 Springfield PikeSpringfieldWV26763
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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 Springfield at 3165 Springfield Pike, Springfield, WV, 26763 uses $59,670 cash to close to unlock $4,566/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,422/mo, and a $881/mo payment keeps the spread at $381/mo. Purchase price stands at $180,000, and rental yield measures 9.48% with $1,422/mo rent. Return on cash invested shows 27.56% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 143.4% and total cumulative return in cash records $85,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,422/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26763, Springfield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 646 (67.1%) |
| Renter Occupied HU | 85 ( 8.8%) |
| Vacant Housing Units | 232 (24.1%) |
| Median Home Value | $227,852 |
| Average Home Value | $257,755 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
36
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Listed by: Ali Candelas • Charis Realty Group
Mls Name: Bright MLS
Mls ID: #WVHS2007154