5537 Lovern 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
Investment property for sale in Princeton at 5537 Lovern Rd, Princeton, WV, 24739 listed at $325,000 pairs $1,380/mo rent with a $1,591/mo payment. Total monthly income runs $1,380/mo. Return on cash invested measures 14.33% in year one, and rental yield registers 5.1% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 72.43% and total cumulative return in cash totals $78,037. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,380/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2019
N/A lot
$N/A/sqft
No 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
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Listed by: MELISSA WEDDLE • OAK & STONE REALTY
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55596