551 Old Bluefield RdPrincetonWV24739
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
Investment Highlights
Rental property for sale in Princeton at 551 Old Bluefield Rd, Princeton, WV, 24739 priced at $165,500 converts $1,160/mo rent into $161/mo cash flow after a $810/mo obligation. Total monthly income equals $1,160/mo, and annual cash flow totals $1,929/yr on $54,863 invested. Return on cash invested prints 23.43% in year one, and rental yield reads 8.41% against a $165,500 entry. Equity gained on principal adds $1,068/yr, while 5% annual appreciation compiles into $45,725 by year five. Five-year ROI reaches 121.52% and total cumulative return in cash sums $66,672. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,160/mo property income covering a $810/mo payment, not borrower’s personal income.
Townhouse
Built in 1981
3,049 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24739, Oakvale, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,992 (100%) |
| Owner Occupied HU | 4,039 (67.4%) |
| Renter Occupied HU | 1,379 (23.0%) |
| Vacant Housing Units | 574 ( 9.6%) |
| Median Home Value | $165,415 |
| Average Home Value | $177,607 |
Housing Distribution
Address Breakdown
Residential
5,827
Single Family
5,785
Multi-Family
42
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CINDY CHRISTIAN • MOUNTAIN REALTY LLC
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #54454
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.