9 Iron Ridge RdFairmontWV26554
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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 Fairmont at 9 Iron Ridge Rd, Fairmont, WV, 26554 priced at $469,900 converts $2,382/mo rent into after a $2,300/mo obligation. Total monthly income equals $2,382/mo. Return on cash invested prints 16.82% in year one, and rental yield reads 6.08% against a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation compiles into $129,825 by year five. Five-year ROI reaches 85.91% and total cumulative return in cash sums $133,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,382/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.28 Acres lot
$N/A/sqft
$770 annually HOA
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Nearby investment properties with comparable prices
Listed by: Hannah Floyd • FLOYD REAL ESTATE INC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10157851
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2025-02-18 09:13:46 PST