363 S Walnut StPhilippiWV26416
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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 Philippi at 363 S Walnut St, Philippi, WV, 26416 uses $39,449 cash to close to unlock $9,947/yr annual cash flow and $829/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $582/mo payment keeps the spread at $829/mo. Purchase price stands at $119,000, and rental yield measures 15.3% with $1,517/mo rent. Return on cash invested shows 45.12% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 237.53% and total cumulative return in cash records $93,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26416, Philippi, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,158 (100%) |
| Owner Occupied HU | 1,963 (62.2%) |
| Renter Occupied HU | 708 (22.4%) |
| Vacant Housing Units | 487 (15.4%) |
| Median Home Value | $140,061 |
| Average Home Value | $168,565 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
2,920
Multi-Family
105
Businesses
214
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Listed by: Alexandra Moran • GARTON REAL ESTATE GROUP
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156828
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 2024-02-07 10:15:58 PST