60 Spooner StNitroWV25143
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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 Nitro at 60 Spooner St, Nitro, WV, 25143 offers a 8.27% rental yield on a $240,000 purchase with $1,654/mo rent. Total monthly income registers $1,654/mo, and a $1,175/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,180/yr on $79,560 to close, and return on cash invested stands at 23.91% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 123.74% and total cumulative return in cash at $98,450. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,654/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25143, Nitro, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,284 (100%) |
| Owner Occupied HU | 2,428 (56.7%) |
| Renter Occupied HU | 1,351 (31.5%) |
| Vacant Housing Units | 505 (11.8%) |
| Median Home Value | $134,015 |
| Average Home Value | $185,139 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,854
Multi-Family
62
Businesses
351
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Listed by: June Skeen • Better Homes and Gardens Real Estate Central
Mls Name: KVBR
Mls ID: #279281