502 Chestnut StParsonsWV26287
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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 Parsons at 502 Chestnut St, Parsons, WV, 26287 listed at $195,000 pairs $960/mo rent with a $954/mo payment. Total monthly income runs $960/mo. Return on cash invested measures 16.79% in year one, and rental yield registers 5.91% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 85.67% and total cumulative return in cash totals $55,378. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $960/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26287, Parsons, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,532 (100%) |
| Owner Occupied HU | 935 (61.0%) |
| Renter Occupied HU | 249 (16.3%) |
| Vacant Housing Units | 348 (22.7%) |
| Median Home Value | $143,359 |
| Average Home Value | $180,064 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,367
Multi-Family
30
Businesses
137
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Listed by: TODD RHODES • STEVENS' REALTY & MANAGEMENT
Mls Name: NCWV REIN
Mls ID: #10160455