409 Wayne DrCharlestonWV25306
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
Investment property for sale in Charleston at 409 Wayne Dr, Charleston, WV, 25306 offers a 12.62% rental yield on a $119,899 purchase with $1,261/mo rent. Total monthly income registers $1,261/mo, and a $587/mo payment leaves $559/mo available for distribution. Annual cash flow reaches $6,710/yr on $39,747 to close, and return on cash invested stands at 36.79% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 193.04% and total cumulative return in cash at $76,727. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,261/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Nearby investment properties with comparable prices
Listed by: LORA VANCE • Keller Williams Realty Advantage
Mls Name: KVBR
Mls Provider:
Mls ID: #273253
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.