353 McEldowney AvenueNew MartinsvilleWV26155
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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 New Martinsville at 353 McEldowney Avenue, New Martinsville, WV, 26155 with 5% annual appreciation on a $129,900 basis while $1,020/mo rent supports operations. Total monthly income totals $1,020/mo and a $636/mo payment preserves $268/mo for cash returns. Annual cash flow comes to $3,218/yr on $43,062 deployed, and return on cash invested reaches 27.38% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 9.42%. Five-year ROI measures 142.5% and total cumulative return in cash totals $61,363.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,020/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26155, New Martinsville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,923 (100%) |
| Owner Occupied HU | 2,559 (65.2%) |
| Renter Occupied HU | 840 (21.4%) |
| Vacant Housing Units | 524 (13.4%) |
| Median Home Value | $146,537 |
| Average Home Value | $149,352 |
Housing Distribution
Address Breakdown
Residential
3,970
Single Family
3,823
Multi-Family
147
Businesses
367
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Listed by: Jane Ann Gamble • First Choice Realtors
Mls Name: Wheeling BOR
Mls ID: #138450
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.