615 Ohio AveFairmontWV26554
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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 Fairmont at 615 Ohio Ave, Fairmont, WV, 26554 priced at $109,900 converts $2,011/mo rent into $1,359/mo cash flow after a $538/mo obligation. Total monthly income equals $2,011/mo, and annual cash flow totals $16,307/yr on $36,432 invested. Return on cash invested prints 64.67% in year one, and rental yield reads 21.96% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 342.54% and total cumulative return in cash sums $124,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,011/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1911
4,800 sqft lot
$N/A/sqft
No HOA
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Listed by: Brian Floyd • FLOYD REAL ESTATE INC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10153333
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2024-02-07 10:15:58 PST