374 Bingamon RdWorthingtonWV26591
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
Investment Highlights
Investment property for sale in Worthington at 374 Bingamon Rd, Worthington, WV, 26591 uses $132,269 cash to close to unlock $25,167/yr annual cash flow and $2,097/mo monthly cash flow. Total monthly income runs $4,406/mo, and a $1,953/mo payment keeps the spread at $2,097/mo. Purchase price stands at $399,000, and rental yield measures 13.25% with $4,406/mo rent. Return on cash invested shows 38.94% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 204.37% and total cumulative return in cash records $270,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,406/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1976
3.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26591, Worthington, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 744 (100%) |
| Owner Occupied HU | 565 (75.9%) |
| Renter Occupied HU | 121 (16.3%) |
| Vacant Housing Units | 58 ( 7.8%) |
| Median Home Value | $148,558 |
| Average Home Value | $178,181 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
16
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Listed by: Carrie Yocco • OLD COLONY COMPANY OF GREATER KANAWHA VALLEY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155528
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