503 Starnes RdRomneyWV26757
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
Rental property for sale in Romney at 503 Starnes Rd, Romney, WV, 26757 priced at $459,900 converts $2,716/mo rent into $55/mo cash flow after a $2,251/mo obligation. Total monthly income equals $2,716/mo, and annual cash flow totals $659/yr on $152,457 invested. Return on cash invested prints 20.34% in year one, and rental yield reads 7.09% against a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,062 by year five. Five-year ROI reaches 104.62% and total cumulative return in cash sums $159,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,716/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Single Family
Built in 2001
15.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26757, Romney, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,403 (100%) |
| Owner Occupied HU | 1,911 (56.2%) |
| Renter Occupied HU | 873 (25.7%) |
| Vacant Housing Units | 619 (18.2%) |
| Median Home Value | $207,365 |
| Average Home Value | $236,083 |
Housing Distribution
Address Breakdown
Residential
2,906
Single Family
2,748
Multi-Family
158
Businesses
331
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Listed by: Leslie Webb • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #WVHS2007038