502 Colfax RdFairmontWV26554
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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 Fairmont at 502 Colfax Rd, Fairmont, WV, 26554 offers $1,606/mo rent that, after a $783/mo payment, leaves $680/mo cash flow. Total monthly income is $1,606/mo, and annual cash flow is $8,165/yr on $53,007 cash. Return on cash invested measures 35.31% in year one, and rental yield stands at 12.05% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 184.97% and total cumulative return in cash reaches $98,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,606/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.47 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: VERA SANSALONE • FLOYD REAL ESTATE INC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10159801
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2025-10-09 22:32:36 PDT