405 S Illinois AveMartinsburgWV25401
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
Rental property for sale in Martinsburg at 405 S Illinois Ave, Martinsburg, WV, 25401 priced at $279,000 converts $2,153/mo rent into $538/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,153/mo, and annual cash flow totals $6,459/yr on $92,489 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 9.26% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 139.8% and total cumulative return in cash sums $129,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,153/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1940
7,976 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25401, Martinsburg, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,510 (100%) |
| Owner Occupied HU | 3,092 (41.2%) |
| Renter Occupied HU | 3,598 (47.9%) |
| Vacant Housing Units | 820 (10.9%) |
| Median Home Value | $265,545 |
| Average Home Value | $270,433 |
Housing Distribution
Address Breakdown
Residential
6,870
Single Family
6,288
Multi-Family
582
Businesses
699
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Listed by: Kathy Shank • Samson Properties
Mls Name: Bright MLS
Mls ID: #WVBE2043152