8060 Pine Grove RdBallardWV24918
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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 Ballard at 8060 Pine Grove Rd, Ballard, WV, 24918 generates $927/mo in rent and, after a $602/mo payment, leaves $215/mo in cash flow. Total monthly income is $927/mo, and annual cash flow is $2,584/yr on $40,775 invested. Return on cash invested sits at 26.25% in year one, and rental yield is 9.04% on a $123,000 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation builds toward $33,983 over five years. Five-year ROI reaches 136.38% and total cumulative return in cash sums $55,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $927/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24918, Ballard, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 725 (100%) |
| Owner Occupied HU | 496 (68.4%) |
| Renter Occupied HU | 126 (17.4%) |
| Vacant Housing Units | 103 (14.2%) |
| Median Home Value | $163,514 |
| Average Home Value | $191,472 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
7
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Listed by: Melissa Weddle • OAK & STONE REALTY
Mls Name: Mercer-Tazewell County BOR
Mls Provider:
Mls ID: #54894
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.