451 Karens WayPrincetonWV24739
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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
Rental property for sale in Princeton at 451 Karens Way, Princeton, WV, 24739 priced at $259,000 converts $1,380/mo rent into after a $1,268/mo obligation. Total monthly income equals $1,380/mo. Return on cash invested prints 18.25% in year one, and rental yield reads 6.39% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 93.45% and total cumulative return in cash sums $80,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,380/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Manufactured
Built in 1994
17.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24739, Oakvale, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,992 (100%) |
| Owner Occupied HU | 4,039 (67.4%) |
| Renter Occupied HU | 1,379 (23.0%) |
| Vacant Housing Units | 574 ( 9.6%) |
| Median Home Value | $165,415 |
| Average Home Value | $177,607 |
Housing Distribution
Address Breakdown
Residential
5,827
Single Family
5,785
Multi-Family
42
Businesses
208
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Listed by: BROOKE FURCHES • COLDWELL BANKER HENDRICK REAL ESTATE
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55641