902 Mound AveCharlestonWV25309
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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 Charleston at 902 Mound Ave, Charleston, WV, 25309 uses $69,615 cash to close to unlock $5,493/yr annual cash flow and $458/mo monthly cash flow. Total monthly income runs $1,673/mo, and a $1,028/mo payment keeps the spread at $458/mo. Purchase price stands at $210,000, and rental yield measures 9.56% with $1,673/mo rent. Return on cash invested shows 27.8% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 144.65% and total cumulative return in cash records $100,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,673/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25309, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 3,854 (61.2%) |
| Renter Occupied HU | 1,780 (28.3%) |
| Vacant Housing Units | 662 (10.5%) |
| Median Home Value | $155,048 |
| Average Home Value | $190,559 |
Housing Distribution
Address Breakdown
Residential
5,826
Single Family
5,080
Multi-Family
746
Businesses
446
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Listed by: Nick Campbell • Better Homes and Gardens Real Estate Central
Mls Name: KVBR
Mls ID: #281190