470 Ritchie Farm RdSummersvilleWV26651
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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 Summersville at 470 Ritchie Farm Rd, Summersville, WV, 26651 priced at $230,000 pairs $1,573/mo rent with $242/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,573/mo, and annual cash flow comes to $2,903/yr on $76,245 invested. Return on cash invested is 23.72% in year one, and rental yield stands at 8.21% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 122.72% and total cumulative return in cash reaches $93,571. For financing, Ziffy Mortgage’s DSCR program evaluates $1,573/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
3.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26651, Summersville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,443 (100%) |
| Owner Occupied HU | 2,876 (64.7%) |
| Renter Occupied HU | 982 (22.1%) |
| Vacant Housing Units | 585 (13.2%) |
| Median Home Value | $161,969 |
| Average Home Value | $224,848 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
3,894
Multi-Family
107
Businesses
515
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Listed by: Timothy D Kirkland • Lakewood Real Estate Service, LLC
Mls Name: Fayette-Nicholas BOR
Mls ID: #25-539