91 Michael Development 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
Investment property for sale in Fairmont at 91 Michael Development Rd, Fairmont, WV, 26554 offers a 13.88% rental yield on a $110,000 purchase with $1,272/mo rent. Total monthly income registers $1,272/mo, and a $538/mo payment leaves $636/mo available for distribution. Annual cash flow reaches $7,631/yr on $36,465 to close, and return on cash invested stands at 40.84% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 214.56% and total cumulative return in cash at $78,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,272/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
5 Acres lot
$N/A/sqft
No HOA
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Listed by: Kristopher Barmoy • KLM PROPERTIES, INC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10157042
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 2024-02-07 10:15:58 PST