395 Norris Ridge RdPhilippiWV26416
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 395 Norris Ridge Rd, Philippi, WV, 26416 in Philippi. At $173,000 it earns $1,385/mo in rent and distributes $384/mo to the owner after the $778/mo payment, a consistent 9.61% yield. DSCR 1.78 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $47,797 in value; $1,593/yr in principal paydown compounds ownership stake. Total projected return: $90,013.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $384 | $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 | $1,385 |
| Total Monthly Debt Service | $932 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1945
1.56 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
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 1945
1.56 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NCWV REIN
Mls ID: #10164001