514 Wallace RdSalemWV26426
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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 Salem at 514 Wallace Rd, Salem, WV, 26426 offers a 2.35% rental yield on a $399,000 purchase with $780/mo rent. 04% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 27.96% and total cumulative return in cash at $36,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $780/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
48.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26426, Salem, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,968 (67.3%) |
| Renter Occupied HU | 525 (18.0%) |
| Vacant Housing Units | 430 (14.7%) |
| Median Home Value | $175,000 |
| Average Home Value | $214,647 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
2,567
Multi-Family
118
Businesses
117
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Listed by: DIANNE DOUGLAS • MOUNTAIN STATE REAL ESTATE SERV. LLC
Mls Name: NCWV REIN
Mls ID: #10160974