807 Mercer StPrincetonWV24740
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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 Princeton at 807 Mercer St, Princeton, WV, 24740 priced at $169,999 converts $1,194/mo rent into $210/mo cash flow after a $832/mo obligation. Total monthly income equals $1,194/mo, and annual cash flow totals $2,525/yr on $56,355 invested. Return on cash invested prints 24.39% in year one, and rental yield reads 8.43% against a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 126.39% and total cumulative return in cash sums $71,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,194/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24740, Princeton, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,005 (100%) |
| Owner Occupied HU | 4,356 (54.4%) |
| Renter Occupied HU | 2,671 (33.4%) |
| Vacant Housing Units | 978 (12.2%) |
| Median Home Value | $148,519 |
| Average Home Value | $163,699 |
Housing Distribution
Address Breakdown
Residential
7,351
Single Family
6,828
Multi-Family
523
Businesses
864
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Listed by: TYLER MYERS • COUNTRY ROADS REAL ESTATE
Mls Name: Mercer-Tazewell County BOR
Mls ID: #55444