504 E Ridge Loop RdRomneyWV26757
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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 Romney at 504 E Ridge Loop Rd, Romney, WV, 26757 uses $52,567 cash to close to unlock $4,099/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $1,259/mo, and a $776/mo payment keeps the spread at $342/mo. Purchase price stands at $158,574, and rental yield measures 9.53% with $1,259/mo rent. Return on cash invested shows 27.71% in year one, and 5% annual appreciation builds toward $43,811 over five years. Five-year ROI reaches 144.18% and total cumulative return in cash records $75,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,259/mo property income covering a $776/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.92 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: Tiffany Lee • REALTY EXCHANGE, LLC
Mls Name: My State MLS
Mls ID: #11575492