405 W Main StRomneyWV26757
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 Romney at 405 W Main St, Romney, WV, 26757 priced at $179,900 pairs $1,442/mo rent with $401/mo cash flow after a $881/mo payment. Total monthly income equals $1,442/mo, and annual cash flow comes to $4,807/yr on $59,637 invested. Return on cash invested is 27.97% in year one, and rental yield stands at 9.62% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 145.58% and total cumulative return in cash reaches $86,817. For financing, Ziffy Mortgage’s DSCR program evaluates $1,442/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26757, Romney, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,403 (100%) |
| Owner Occupied HU | 1,911 (56.2%) |
| Renter Occupied HU | 873 (25.7%) |
| Vacant Housing Units | 619 (18.2%) |
| Median Home Value | $207,365 |
| Average Home Value | $236,083 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,748
Multi-Family
158
Businesses
331
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Listed by: Sara Coon • Coldwell Banker Home Town Realty
Mls Name: Bright MLS
Mls ID: #WVHS2007202