601 4th StreetNew MartinsvilleWV26155
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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 New Martinsville at 601 4th Street, New Martinsville, WV, 26155 uses $34,476 cash to close to unlock $2,679/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $825/mo, and a $509/mo payment keeps the spread at $223/mo. Purchase price stands at $104,000, and rental yield measures 9.52% with $825/mo rent. Return on cash invested shows 27.68% in year one, and 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 144.13% and total cumulative return in cash records $49,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $825/mo property income covering a $509/mo payment rather than investor’s personal income.
Single Family
Built in 1941
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26155, New Martinsville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,923 (100%) |
| Owner Occupied HU | 2,559 (65.2%) |
| Renter Occupied HU | 840 (21.4%) |
| Vacant Housing Units | 524 (13.4%) |
| Median Home Value | $146,537 |
| Average Home Value | $149,352 |
Housing Distribution
Address Breakdown
Residential
3,970
Single Family
3,823
Multi-Family
147
Businesses
367
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Listed by: Sarah Dean • Paull Associates
Mls Name: Wheeling BOR
Mls ID: #139776