703 Serene DrCharlestonWV25311
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 703 Serene Dr, Charleston, WV, 25311 in Charleston: $1,332/mo in rent, $651/mo net, 13.97% gross yield, all on a $114,450 acquisition. The 2.59 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $31,620 in value, and $1,054/yr in principal paydown steadily builds equity. Projected total cumulative return: $85,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 9.8% |
| Monthly Cash Flow | $651 | $425 |
City averages based on Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,332 |
| Total Monthly Debt Service | $636 |
| DSCR Ratio | 2.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25311, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 2,275 (41.8%) |
| Renter Occupied HU | 2,287 (42.0%) |
| Vacant Housing Units | 879 (16.2%) |
| Median Home Value | $196,415 |
| Average Home Value | $233,108 |
Housing Distribution
Address Breakdown
Residential
4,972
Single Family
4,094
Multi-Family
878
Businesses
341
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
Single Family
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25311, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,441 (100%) |
| Owner Occupied HU | 2,275 (41.8%) |
| Renter Occupied HU | 2,287 (42.0%) |
| Vacant Housing Units | 879 (16.2%) |
| Median Home Value | $196,415 |
| Average Home Value | $233,108 |
Housing Distribution
Address Breakdown
Residential
4,972
Single Family
4,094
Multi-Family
878
Businesses
341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marie McDavid • ERA Property Elite
Mls Name: KVBR
Mls Provider:
Mls ID: #277659
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.