81 Spooner StNitroWV25143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nitro at 81 Spooner St, Nitro, WV, 25143 priced at $175,000 pairs $2,005/mo rent with $992/mo cash flow after a $857/mo payment. Total monthly income equals $2,005/mo, and annual cash flow comes to $11,904/yr on $58,013 invested. Return on cash invested is 40.43% in year one, and rental yield stands at 13.75% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 212.35% and total cumulative return in cash reaches $123,187. For financing, Ziffy Mortgage’s DSCR program evaluates $2,005/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25143, Nitro, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,284 (100%) |
| Owner Occupied HU | 2,428 (56.7%) |
| Renter Occupied HU | 1,351 (31.5%) |
| Vacant Housing Units | 505 (11.8%) |
| Median Home Value | $134,015 |
| Average Home Value | $185,139 |
Housing Distribution
Address Breakdown
Residential
3,916
Single Family
3,854
Multi-Family
62
Businesses
351
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Nearby investment properties with comparable prices
Listed by: Jason Cavender • The Property Center
Mls Name: KVBR
Mls Provider:
Mls ID: #274324
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.