48 Magnolia Ct HOMESITE S7-31RidgeleyWV26753
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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 Ridgeley at 48 Magnolia Ct HOMESITE S7-31, Ridgeley, WV, 26753 listed at $489,990 pairs $1,440/mo rent with a $2,398/mo payment. Total monthly income runs $1,440/mo. Return on cash invested measures 9.6% in year one, and rental yield registers 3.53% at a $489,990 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,375 by year five. Five-year ROI tracks 47.07% and total cumulative return in cash totals $76,461. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26753, Ridgeley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 2,274 (77.5%) |
| Renter Occupied HU | 445 (15.2%) |
| Vacant Housing Units | 215 ( 7.3%) |
| Median Home Value | $238,770 |
| Average Home Value | $315,654 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,352
Multi-Family
0
Businesses
116
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Listed by: Stephanie • Gemcraft Homes
Mls Name: Gemcraft Homes
Mls Provider:
Mls ID: #N/A