602 Briarwood RdCharlestonWV25314
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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 Charleston at 602 Briarwood Rd, Charleston, WV, 25314 generates $3,636/mo in rent, after a $6,363/mo payment. Total monthly income is $3,636/mo. Return on cash invested sits at 9.3% in year one, and rental yield is 3.36% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 45.3% and total cumulative return in cash sums $190,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1936
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25314, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,908 (100%) |
| Owner Occupied HU | 4,764 (69.0%) |
| Renter Occupied HU | 1,393 (20.2%) |
| Vacant Housing Units | 751 (10.9%) |
| Median Home Value | $287,954 |
| Average Home Value | $374,459 |
Housing Distribution
Address Breakdown
Residential
6,653
Single Family
6,128
Multi-Family
525
Businesses
165
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Listed by: Margo H. Teeter • Old Colony
Mls Name: KVBR
Mls Provider:
Mls ID: #277879
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.