814 Virginia St E #9CharlestonWV25301
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 814 Virginia St E #9, Charleston, WV, 25301 in Charleston at $194,695 earns $1,193/mo in rent and nets $66/mo after the $875/mo payment, a 7.35% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $53,791 over five years. Ziffy Mortgage underwrites this on a 1.36 DSCR without U.S. credit history. With $1,793/yr in principal paydown, total projected return reaches $77,829.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 9.8% |
| Monthly Cash Flow | $66 | $425 |
City averages based on Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,193 |
| Total Monthly Debt Service | $1,049 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25301, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 253 (12.5%) |
| Renter Occupied HU | 1,396 (69.0%) |
| Vacant Housing Units | 374 (18.5%) |
| Median Home Value | $206,250 |
| Average Home Value | $278,883 |
Housing Distribution
Address Breakdown
Residential
1,940
Single Family
926
Multi-Family
1,014
Businesses
945
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
Condo
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25301, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,023 (100%) |
| Owner Occupied HU | 253 (12.5%) |
| Renter Occupied HU | 1,396 (69.0%) |
| Vacant Housing Units | 374 (18.5%) |
| Median Home Value | $206,250 |
| Average Home Value | $278,883 |
Housing Distribution
Address Breakdown
Residential
1,940
Single Family
926
Multi-Family
1,014
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Natalie Cowley • Old Colony
Mls Name: KVBR
Mls ID: #276617