LOT 2214 Two Fairview RdIndependenceWV26374
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 Independence at LOT 2214 Two Fairview Rd, Independence, WV, 26374 offers $994/mo rent that, after a $631/mo payment, leaves $248/mo cash flow. Total monthly income is $994/mo, and annual cash flow is $2,976/yr on $42,764 cash. Return on cash invested measures 26.87% in year one, and rental yield stands at 9.25% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 139.63% and total cumulative return in cash reaches $59,713. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $994/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26374, Independence, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 735 (100%) |
| Owner Occupied HU | 561 (76.3%) |
| Renter Occupied HU | 123 (16.7%) |
| Vacant Housing Units | 51 ( 6.9%) |
| Median Home Value | $216,903 |
| Average Home Value | $242,010 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
700
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vickie Jenkins • REAL ESTATE BY VICKIE JENKINS & ASSOCIATES
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10154471
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