409 Wayne DrCharlestonWV25306
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 409 Wayne Dr, Charleston, WV, 25306 in Charleston hard to pass up. The 12.62% gross yield on a $119,899 purchase results in $1,261/mo in rent and $560/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.34). Annual cash flow of $6,714, five-year appreciation of $33,126, and $1,104/yr in equity build-up combine for a projected total cumulative return of $81,336.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 9.8% |
| Monthly Cash Flow | $560 | $425 |
City averages based on Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,261 |
| Total Monthly Debt Service | $654 |
| DSCR Ratio | 1.93x |
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 1950
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25306, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,512 (100%) |
| Owner Occupied HU | 1,922 (54.7%) |
| Renter Occupied HU | 1,053 (30.0%) |
| Vacant Housing Units | 537 (15.3%) |
| Median Home Value | $102,895 |
| Average Home Value | $147,088 |
Housing Distribution
Address Breakdown
Residential
3,071
Single Family
3,033
Multi-Family
38
Businesses
70
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 1950
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25306, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,512 (100%) |
| Owner Occupied HU | 1,922 (54.7%) |
| Renter Occupied HU | 1,053 (30.0%) |
| Vacant Housing Units | 537 (15.3%) |
| Median Home Value | $102,895 |
| Average Home Value | $147,088 |
Housing Distribution
Address Breakdown
Residential
3,071
Single Family
3,033
Multi-Family
38
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices