510 Laurel DrFairmontWV26554
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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 Fairmont at 510 Laurel Dr, Fairmont, WV, 26554 listed at $324,000 pairs $2,876/mo rent with a $1,586/mo payment to leave $940/mo cash flow. Total monthly income runs $2,876/mo, and annual cash flow reaches $11,281/yr on $107,406 cash to close. Return on cash invested measures 30.41% in year one, and rental yield registers 10.65% at a $324,000 basis. Equity gained on principal adds $2,091/yr, and annual property appreciation at 5% supports $89,515 by year five. Five-year ROI tracks 158.93% and total cumulative return in cash totals $170,699. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,876/mo property income relative to a $1,586/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Brian Floyd • FLOYD REAL ESTATE INC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10154626
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 2024-02-07 10:15:58 PST