610 Lincoln StreetMcMechenWV26040
Nearby investment properties with comparable rents
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
Investment property for sale in McMechen at 610 Lincoln Street, McMechen, WV, 26040 offers a 8.59% rental yield on a $129,900 purchase with $930/mo rent. Total monthly income registers $930/mo, and a $636/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,138/yr on $43,062 to close, and return on cash invested stands at 24.87% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 129.04% and total cumulative return in cash at $55,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1,650 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26040, Mc Mechen, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 873 (100%) |
| Owner Occupied HU | 536 (61.4%) |
| Renter Occupied HU | 207 (23.7%) |
| Vacant Housing Units | 130 (14.9%) |
| Median Home Value | $109,862 |
| Average Home Value | $121,087 |
Housing Distribution
Address Breakdown
Residential
813
Single Family
813
Multi-Family
0
Businesses
47
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Listed by: Christopher Thomas • Harvey Goodman Realtors
Mls Name: Wheeling BOR
Mls ID: #139970