8 Hearnlee PlaceWheelingWV26003
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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 Wheeling at 8 Hearnlee Place, Wheeling, WV, 26003 offers $1,200/mo rent that, after a $964/mo payment, leaves $60/mo cash flow. Total monthly income is $1,200/mo, and annual cash flow is $724/yr on $65,306 cash. Return on cash invested measures 21.02% in year one, and rental yield stands at 7.31% at a $197,000 entry. Equity gained on principal adds $1,271/yr while 5% annual appreciation compounds into $54,427 by year five. Five-year ROI records 108.29% and total cumulative return in cash reaches $70,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $964/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26003, Wheeling, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,420 (100%) |
| Owner Occupied HU | 11,619 (56.9%) |
| Renter Occupied HU | 6,088 (29.8%) |
| Vacant Housing Units | 2,713 (13.3%) |
| Median Home Value | $189,635 |
| Average Home Value | $222,956 |
Housing Distribution
Address Breakdown
Residential
19,377
Single Family
17,124
Multi-Family
2,253
Businesses
1,832
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Listed by: Missy Ashmore • Old Colony Company of Ohio Valley
Mls Name: Wheeling BOR
Mls ID: #138975
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.