63 W Virginia AveSalemWV26426
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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
Investment property for sale in Salem at 63 W Virginia Ave, Salem, WV, 26426 uses $43,095 cash to close to unlock $14,185/yr annual cash flow and $1,182/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $636/mo payment keeps the spread at $1,182/mo. Purchase price stands at $130,000, and rental yield measures 17.85% with $1,934/mo rent. Return on cash invested shows 52.82% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 278.93% and total cumulative return in cash records $120,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26426, Salem, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,968 (67.3%) |
| Renter Occupied HU | 525 (18.0%) |
| Vacant Housing Units | 430 (14.7%) |
| Median Home Value | $175,000 |
| Average Home Value | $214,647 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
2,567
Multi-Family
118
Businesses
117
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Listed by: Erika Johnson • EXP REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156566
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