7499 Richwood RdFenwickWV26202
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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 Fenwick at 7499 Richwood Rd, Fenwick, WV, 26202 offers a 5% rental yield on a $299,900 purchase with $1,250/mo rent. 05% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 70.91% and total cumulative return in cash at $70,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,250/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26202, Fenwick, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 286 (100%) |
| Owner Occupied HU | 211 (73.8%) |
| Renter Occupied HU | 40 (14.0%) |
| Vacant Housing Units | 35 (12.2%) |
| Median Home Value | $96,250 |
| Average Home Value | $218,898 |
Housing Distribution
Address Breakdown
Residential
172
Single Family
172
Multi-Family
0
Businesses
6
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Listed by: Laura Collins • OLD COLONY REALTORS
Mls Name: Beckley BOR
Mls Provider:
Mls ID: #90804
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