938 Harmony LnSouth CharlestonWV25303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Charleston at 938 Harmony Ln, South Charleston, WV, 25303 priced at $269,500 converts $1,824/mo rent into $265/mo cash flow after a $1,319/mo obligation. Total monthly income equals $1,824/mo, and annual cash flow totals $3,176/yr on $89,339 invested. Return on cash invested prints 23.46% in year one, and rental yield reads 8.12% against a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation compiles into $74,458 by year five. Five-year ROI reaches 121.38% and total cumulative return in cash sums $108,444. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,824/mo property income covering a $1,319/mo payment, not borrower’s personal income.
Single Family
Built in 1982
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25303, Charleston, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,403 (100%) |
| Owner Occupied HU | 2,046 (60.1%) |
| Renter Occupied HU | 963 (28.3%) |
| Vacant Housing Units | 394 (11.6%) |
| Median Home Value | $185,913 |
| Average Home Value | $219,736 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
3,160
Multi-Family
107
Businesses
439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Trader • Old Colony
Mls Name: KVBR
Mls ID: #278653