379 Summit AveLewisburgWV24901
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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
Rental property for sale in Lewisburg at 379 Summit Ave, Lewisburg, WV, 24901 offers $1,440/mo rent that, after a $1,810/mo payment. Total monthly income is $1,440/mo. Return on cash invested measures 13.06% in year one, and rental yield stands at 4.67% at a $369,900 entry. Equity gained on principal adds $2,387/yr while 5% annual appreciation compounds into $102,197 by year five. Five-year ROI records 65.61% and total cumulative return in cash reaches $80,458. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24901, Lewisburg, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,658 (100%) |
| Owner Occupied HU | 2,686 (57.7%) |
| Renter Occupied HU | 1,358 (29.2%) |
| Vacant Housing Units | 614 (13.2%) |
| Median Home Value | $237,463 |
| Average Home Value | $348,912 |
Housing Distribution
Address Breakdown
Residential
4,446
Single Family
4,170
Multi-Family
276
Businesses
704
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Listed by: Mackenzie L Latocha • Coldwell Banker Stuart and Watts Real Estate
Mls Name: GVMLS
Mls ID: #25-1001