1016 Elm Crest CtMorgantownWV26508
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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
Rental property for sale in Morgantown at 1016 Elm Crest Ct, Morgantown, WV, 26508 generates $3,892/mo in rent and, after a $2,198/mo payment, leaves $1,269/mo in cash flow. Total monthly income is $3,892/mo, and annual cash flow is $15,224/yr on $148,844 invested. Return on cash invested sits at 30.14% in year one, and rental yield is 10.4% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 157.23% and total cumulative return in cash sums $234,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,892/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.77 Acres lot
$N/A/sqft
$300 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: Brenda Page • COMPASS REALTY GROUP
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158175
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 2025-03-04 01:06:54 PST