610 Ashley LnSummersvilleWV26651
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Nearby investment properties with comparable prices
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 Summersville at 610 Ashley Ln, Summersville, WV, 26651 priced at $235,000 converts $2,084/mo rent into $724/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,084/mo, and annual cash flow totals $8,694/yr on $77,903 invested. Return on cash invested prints 31.07% in year one, and rental yield reads 10.64% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 162.18% and total cumulative return in cash sums $126,340. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,084/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26651, Summersville, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,443 (100%) |
| Owner Occupied HU | 2,876 (64.7%) |
| Renter Occupied HU | 982 (22.1%) |
| Vacant Housing Units | 585 (13.2%) |
| Median Home Value | $161,969 |
| Average Home Value | $224,848 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
3,894
Multi-Family
107
Businesses
515
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Listed by: Kathy Darrah Jones • Real Estate Limited
Mls Name: Fayette-Nicholas BOR
Mls ID: #24-230
Disclaimer: Copyright Fayette-Nicholas Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.