397 S Main StPhilippiWV26416
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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 Philippi at 397 S Main St, Philippi, WV, 26416 generates $1,560/mo in rent and, after a $1,013/mo payment, leaves $362/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $4,349/yr on $68,621 invested. Return on cash invested sits at 26.25% in year one, and rental yield is 9.04% on a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation builds toward $57,190 over five years. Five-year ROI reaches 136.35% and total cumulative return in cash sums $93,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,840 sqft 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
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Listed by: BETH A LONG • ALL SEASONS REAL ESTATE SERVICE
Mls Name: NCWV REIN
Mls ID: #10160516