6046 Schoonover Hollow RdElkinsWV26241
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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 Elkins at 6046 Schoonover Hollow Rd, Elkins, WV, 26241 generates $2,072/mo in rent and, after a $1,125/mo payment, leaves $742/mo in cash flow. Total monthly income is $2,072/mo, and annual cash flow is $8,904/yr on $76,212 invested. Return on cash invested sits at 31.59% in year one, and rental yield is 10.82% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 165.04% and total cumulative return in cash sums $125,783. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,072/mo property income rather than buyer’s personal income.
Manufactured
Built in 2010
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26241, Elkins, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,733 (100%) |
| Owner Occupied HU | 3,834 (56.9%) |
| Renter Occupied HU | 1,986 (29.5%) |
| Vacant Housing Units | 913 (13.6%) |
| Median Home Value | $160,805 |
| Average Home Value | $197,956 |
Housing Distribution
Address Breakdown
Residential
6,290
Single Family
6,090
Multi-Family
200
Businesses
848
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Listed by: PATTI RECKART • ALL SEASONS REAL ESTATE SERVICE
Mls Name: NCWV REIN
Mls ID: #10162695