55 Monroe AvenueWheelingWV26003
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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 Wheeling at 55 Monroe Avenue, Wheeling, WV, 26003 uses $53,869 cash to close to unlock $555/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $1,072/mo, and a $795/mo payment keeps the spread at $46/mo. Purchase price stands at $162,500, and rental yield measures 7.92% with $1,072/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 108.61% and total cumulative return in cash records $58,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,072/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26003, Wheeling, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,420 (100%) |
| Owner Occupied HU | 11,619 (56.9%) |
| Renter Occupied HU | 6,088 (29.8%) |
| Vacant Housing Units | 2,713 (13.3%) |
| Median Home Value | $189,635 |
| Average Home Value | $222,956 |
Housing Distribution
Address Breakdown
Residential
19,377
Single Family
17,124
Multi-Family
2,253
Businesses
1,832
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Listed by: Chad Wilson • eXp Realty
Mls Name: Wheeling BOR
Mls ID: #139115
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.