804 Old Princeton RdBluefieldWV24701
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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 Bluefield at 804 Old Princeton Rd, Bluefield, WV, 24701 offers a 9.7% rental yield on a $140,000 purchase with $1,132/mo rent. Total monthly income registers $1,132/mo, and a $685/mo payment leaves $322/mo available for distribution. Annual cash flow reaches $3,866/yr on $46,410 to close, and return on cash invested stands at 28.24% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 147.09% and total cumulative return in cash at $68,266. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,132/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24701, Bluefield, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,115 (100%) |
| Owner Occupied HU | 5,568 (55.0%) |
| Renter Occupied HU | 2,734 (27.0%) |
| Vacant Housing Units | 1,813 (17.9%) |
| Median Home Value | $111,471 |
| Average Home Value | $151,349 |
Housing Distribution
Address Breakdown
Residential
9,094
Single Family
8,668
Multi-Family
426
Businesses
776
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Listed by: Kevin Rasmussen/ Sarah Peters • RazBerry & Associates Real Estate Company, Inc.
Mls Name: Beckley BOR
Mls ID: #93375