515 Ohio AveFairmontWV26554
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Fairmont rental at 515 Ohio Ave, Fairmont, WV, 26554 sits in the solid-income band: 8.55% gross yield, $1,300/mo rent, $226/mo net after the $821/mo debt service, DSCR 1.58. Entry price of $182,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $50,421 and $1,681/yr in principal reduction bring total cumulative return to $83,592.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.8% |
| Monthly Cash Flow | $226 | $450 |
City averages based on Fairmont market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,300 |
| Total Monthly Debt Service | $1,001 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
7,200 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1957
7,200 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARY ANNE MULLENAX • KEYSTONE REALTY GROUP LLC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10160037
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 2025-10-27 22:00:26 PDT