1014 Deerwood DrMorgantownWV26508
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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 Morgantown at 1014 Deerwood Dr, Morgantown, WV, 26508 listed at $495,000 pairs $3,487/mo rent with a $2,423/mo payment to leave $539/mo cash flow. Total monthly income runs $3,487/mo, and annual cash flow reaches $6,472/yr on $164,093 cash to close. Return on cash invested measures 23.85% in year one, and rental yield registers 8.45% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 123.69% and total cumulative return in cash totals $202,966. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,487/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
0.41 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26508, Morgantown, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,768 (100%) |
| Owner Occupied HU | 11,688 (65.8%) |
| Renter Occupied HU | 4,392 (24.7%) |
| Vacant Housing Units | 1,688 ( 9.5%) |
| Median Home Value | $320,556 |
| Average Home Value | $366,369 |
Housing Distribution
Address Breakdown
Residential
16,335
Single Family
15,096
Multi-Family
1,239
Businesses
692
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Listed by: Christa Barvinchak • BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156167
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