83 Knobley StRidgeleyWV26753
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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 Ridgeley at 83 Knobley St, Ridgeley, WV, 26753 uses $41,438 cash to close to unlock $3,355/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,003/mo, and a $612/mo payment keeps the spread at $280/mo. Purchase price stands at $125,000, and rental yield measures 9.63% with $1,003/mo rent. Return on cash invested shows 28% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 145.76% and total cumulative return in cash records $60,401. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,003/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1935
2,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26753, Ridgeley, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,934 (100%) |
| Owner Occupied HU | 2,274 (77.5%) |
| Renter Occupied HU | 445 (15.2%) |
| Vacant Housing Units | 215 ( 7.3%) |
| Median Home Value | $238,770 |
| Average Home Value | $315,654 |
Housing Distribution
Address Breakdown
Residential
2,352
Single Family
2,352
Multi-Family
0
Businesses
116
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Listed by: Hannah Wigfield • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #WVMI2003888