551 Garrison AveCharlestonWV25302
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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
Rental property for sale in Charleston at 551 Garrison Ave, Charleston, WV, 25302 priced at $129,000 converts $1,030/mo rent into $284/mo cash flow after a $631/mo obligation. Total monthly income equals $1,030/mo, and annual cash flow totals $3,408/yr on $42,764 invested. Return on cash invested prints 27.88% in year one, and rental yield reads 9.58% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 145.02% and total cumulative return in cash sums $62,017. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,030/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in N/A
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25302, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,716 (100%) |
| Owner Occupied HU | 3,727 (48.3%) |
| Renter Occupied HU | 2,665 (34.5%) |
| Vacant Housing Units | 1,324 (17.2%) |
| Median Home Value | $168,686 |
| Average Home Value | $221,501 |
Housing Distribution
Address Breakdown
Residential
7,329
Single Family
6,830
Multi-Family
499
Businesses
515
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Nearby investment properties with comparable prices
Listed by: Nick Campbell • Better Homes and Gardens Real Estate Central
Mls Name: KVBR
Mls ID: #280529