601 North Third AvenuePaden CityWV26159
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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 Paden City at 601 North Third Avenue, Paden City, WV, 26159 generates $720/mo in rent, after a $1,370/mo payment. Total monthly income is $720/mo. Return on cash invested sits at 8.27% in year one, and rental yield is 3.09% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 39.94% and total cumulative return in cash sums $37,057. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $720/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26159, Paden City, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 778 (66.3%) |
| Renter Occupied HU | 246 (21.0%) |
| Vacant Housing Units | 149 (12.7%) |
| Median Home Value | $96,346 |
| Average Home Value | $103,583 |
Housing Distribution
Address Breakdown
Residential
1,100
Single Family
1,100
Multi-Family
0
Businesses
64
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Listed by: Tylor Chichick • Pathway
Mls Name: Wheeling BOR
Mls ID: #139956