8 Old Hannahsville LnParsonsWV26287
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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 Parsons at 8 Old Hannahsville Ln, Parsons, WV, 26287 priced at $230,000 converts $960/mo rent into after a $1,126/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints 14.07% in year one, and rental yield reads 5.01% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 70.99% and total cumulative return in cash sums $54,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Manufactured
Built in 2016
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26287, Parsons, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,532 (100%) |
| Owner Occupied HU | 935 (61.0%) |
| Renter Occupied HU | 249 (16.3%) |
| Vacant Housing Units | 348 (22.7%) |
| Median Home Value | $143,359 |
| Average Home Value | $180,064 |
Housing Distribution
Address Breakdown
Residential
1,397
Single Family
1,367
Multi-Family
30
Businesses
137
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