3847 Lake Lane RdIrelandWV26376
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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 Ireland at 3847 Lake Lane Rd, Ireland, WV, 26376 uses $46,410 cash to close to unlock $5,846/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $1,297/mo, and a $685/mo payment keeps the spread at $487/mo. Purchase price stands at $140,000, and rental yield measures 11.12% with $1,297/mo rent. Return on cash invested shows 32.51% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 169.93% and total cumulative return in cash records $78,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,297/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1934
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26376, Ireland, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 352 (100%) |
| Owner Occupied HU | 202 (57.4%) |
| Renter Occupied HU | 44 (12.5%) |
| Vacant Housing Units | 106 (30.1%) |
| Median Home Value | $152,941 |
| Average Home Value | $224,072 |
Housing Distribution
Address Breakdown
Residential
226
Single Family
226
Multi-Family
0
Businesses
2
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Listed by: Monica Harper • Central WV Real Estate, LLC
Mls Name: My State MLS
Mls ID: #11565467