1027 Irwin StMorgantownWV26505
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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 1027 Irwin St, Morgantown, WV, 26505 priced at $793,400 converts $2,144/mo rent into after a $3,883/mo obligation. Total monthly income equals $2,144/mo. Return on cash invested prints 8.81% in year one, and rental yield reads 3.24% against a $793,400 entry. Equity gained on principal adds $5,120/yr, while 5% annual appreciation compiles into $219,202 by year five. Five-year ROI reaches 42.78% and total cumulative return in cash sums $111,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,144/mo property income covering a $3,883/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26505, Morgantown, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,140 (100%) |
| Owner Occupied HU | 5,084 (25.2%) |
| Renter Occupied HU | 12,389 (61.5%) |
| Vacant Housing Units | 2,667 (13.2%) |
| Median Home Value | $293,024 |
| Average Home Value | $345,737 |
Housing Distribution
Address Breakdown
Residential
18,392
Single Family
13,304
Multi-Family
5,088
Businesses
1,351
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Listed by: Mark Jenkins • DANG & CO.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155198
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