3229 Ridgecrest RdBluefieldWV24701
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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 Bluefield at 3229 Ridgecrest Rd, Bluefield, WV, 24701 with 5% annual appreciation on a $199,800 basis while $1,739/mo rent supports operations. Total monthly income totals $1,739/mo and a $978/mo payment preserves $583/mo for cash returns. Annual cash flow comes to $6,994/yr on $66,234 deployed, and return on cash invested reaches 30.47% in year one. Equity gained on principal adds $1,289/yr, and five-year appreciation sums $55,201 alongside rental yield of 10.44%. Five-year ROI measures 158.95% and total cumulative return in cash totals $105,281.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,739/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24701, Bluefield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,115 (100%) |
| Owner Occupied HU | 5,568 (55.0%) |
| Renter Occupied HU | 2,734 (27.0%) |
| Vacant Housing Units | 1,813 (17.9%) |
| Median Home Value | $111,471 |
| Average Home Value | $151,349 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,668
Multi-Family
426
Businesses
776
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Listed by: Julia Leanne Smith • Dream Home Realty LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #98812
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.