321 & 1/2 Fairmont AveFairmontWV26554
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 321 & 1/2 Fairmont Ave, Fairmont, WV, 26554 in Fairmont. Rental yield 6.37%. The 1.18 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $54,427 and $1,814/yr in principal reduction project total return of $60,370.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 7.8% |
| Monthly Cash Flow | $(226) | $450 |
City averages based on Fairmont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,046 |
| Total Monthly Debt Service | $1,194 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1920
3,000 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1920
3,000 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vera Sansalone • FLOYD REAL ESTATE INC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158214
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 2025-03-20 12:41:56 PDT