9 Cherry StRichwoodWV26261
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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 Richwood at 9 Cherry St, Richwood, WV, 26261 priced at $119,900 pairs $1,108/mo rent with $414/mo cash flow after a $587/mo payment. Total monthly income equals $1,108/mo, and annual cash flow comes to $4,969/yr on $39,747 invested. Return on cash invested is 32.41% in year one, and rental yield stands at 11.09% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 169.46% and total cumulative return in cash reaches $67,356. For financing, Ziffy Mortgage’s DSCR program evaluates $1,108/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26261, Richwood, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,444 (100%) |
| Owner Occupied HU | 799 (55.3%) |
| Renter Occupied HU | 262 (18.1%) |
| Vacant Housing Units | 383 (26.5%) |
| Median Home Value | $66,328 |
| Average Home Value | $131,715 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,115
Multi-Family
19
Businesses
85
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Listed by: Dawn Marie Moore • Field & Stream Real Estate
Mls Name: Fayette-Nicholas BOR
Mls ID: #24-551
Disclaimer: Copyright Fayette-Nicholas Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.