473 Island RunSpencerWV25276
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 Spencer at 473 Island Run, Spencer, WV, 25276 listed at $109,900 pairs $1,094/mo rent with a $538/mo payment to leave $458/mo cash flow. Total monthly income runs $1,094/mo, and annual cash flow reaches $5,496/yr on $36,432 cash to close. Return on cash invested measures 35% in year one, and rental yield registers 11.95% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 183.35% and total cumulative return in cash totals $66,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,094/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2016
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25276, Spencer, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,565 (100%) |
| Owner Occupied HU | 2,068 (58.0%) |
| Renter Occupied HU | 913 (25.6%) |
| Vacant Housing Units | 584 (16.4%) |
| Median Home Value | $138,060 |
| Average Home Value | $205,079 |
Housing Distribution
Address Breakdown
Residential
3,322
Single Family
3,229
Multi-Family
93
Businesses
295
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Listed by: Christie Giompalo • REALTY EXCHANGE COMMERCIAL/RES
Mls Name: KVBR
Mls Provider:
Mls ID: #276527
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.