424 Timber Ridge DrBeckleyWV25801
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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
Investment property for sale in Beckley at 424 Timber Ridge Dr, Beckley, WV, 25801 uses $92,489 cash to close to unlock $3,154/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,902/mo, and a $1,366/mo payment keeps the spread at $263/mo. Purchase price stands at $279,000, and rental yield measures 8.18% with $1,902/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 120.72% and total cumulative return in cash records $111,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,902/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Condo
Built in 2004
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25801, Beckley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,528 (100%) |
| Owner Occupied HU | 9,283 (56.2%) |
| Renter Occupied HU | 4,911 (29.7%) |
| Vacant Housing Units | 2,334 (14.1%) |
| Median Home Value | $177,711 |
| Average Home Value | $226,094 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
13,038
Multi-Family
658
Businesses
1,370
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