8478 Interstate HwyIkes ForkWV24845
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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 Ikes Fork at 8478 Interstate Hwy, Ikes Fork, WV, 24845 generates $1,596/mo in rent and, after a $832/mo payment, leaves $613/mo in cash flow. Total monthly income is $1,596/mo, and annual cash flow is $7,350/yr on $56,322 invested. Return on cash invested sits at 32.96% in year one, and rental yield is 11.27% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 172.35% and total cumulative return in cash sums $97,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,596/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24845, Ikes Fork, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 239 (100%) |
| Owner Occupied HU | 174 (72.8%) |
| Renter Occupied HU | 40 (16.7%) |
| Vacant Housing Units | 25 (10.5%) |
| Median Home Value | $103,289 |
| Average Home Value | $166,121 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
6
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Listed by: David & Cyndie Chinn • ALTRUIST REALTY GROUP
Mls Name: Beckley BOR
Mls ID: #91327