367 Thomas AveDavisWV26260
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.59% gross rental yield, 367 Thomas Ave, Davis, WV, 26260 in Davis is priced for capital growth, not immediate cash flow. The $359,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $99,185 by year five, with $3,306/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.85) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $90,202.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.2% |
| Monthly Cash Flow | $(704) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,373 |
| Total Monthly Debt Service | $1,934 |
| DSCR Ratio | 0.71x |
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.
Single Family
Built in 1966
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26260, Davis, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,523 (100%) |
| Owner Occupied HU | 447 (29.3%) |
| Renter Occupied HU | 137 ( 9.0%) |
| Vacant Housing Units | 939 (61.7%) |
| Median Home Value | $192,092 |
| Average Home Value | $319,351 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
367
Multi-Family
0
Businesses
124
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
Single Family
Built in 1966
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26260, Davis, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,523 (100%) |
| Owner Occupied HU | 447 (29.3%) |
| Renter Occupied HU | 137 ( 9.0%) |
| Vacant Housing Units | 939 (61.7%) |
| Median Home Value | $192,092 |
| Average Home Value | $319,351 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
367
Multi-Family
0
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cary Reed • CANAAN REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158300
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 2025-03-26 12:23:26 PDT