338 McDowell StWelchWV24801
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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 Welch at 338 McDowell St, Welch, WV, 24801 with 5% annual appreciation on a $195,000 basis while $1,991/mo rent supports operations. Total monthly income totals $1,991/mo and a $954/mo payment preserves $833/mo for cash returns. Annual cash flow comes to $9,995/yr on $64,643 deployed, and return on cash invested reaches 35.37% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 12.25%. Five-year ROI measures 185.43% and total cumulative return in cash totals $119,866.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,991/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1930
4,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24801, Welch, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,535 (100%) |
| Owner Occupied HU | 1,444 (57.0%) |
| Renter Occupied HU | 518 (20.4%) |
| Vacant Housing Units | 573 (22.6%) |
| Median Home Value | $64,513 |
| Average Home Value | $68,613 |
Housing Distribution
Address Breakdown
Residential
1,393
Single Family
1,282
Multi-Family
111
Businesses
202
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Listed by: Sarah Ratliff • OAK & STONE REALTY
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #54768
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.