10384 Morgantown PikePhilippiWV26416
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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 Philippi at 10384 Morgantown Pike, Philippi, WV, 26416 uses $58,013 cash to close to unlock $3,768/yr annual cash flow and $314/mo monthly cash flow. Total monthly income runs $1,327/mo, and a $857/mo payment keeps the spread at $314/mo. Purchase price stands at $175,000, and rental yield measures 9.1% with $1,327/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 137.13% and total cumulative return in cash records $79,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,327/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 2007
3.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26416, Philippi, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,158 (100%) |
| Owner Occupied HU | 1,963 (62.2%) |
| Renter Occupied HU | 708 (22.4%) |
| Vacant Housing Units | 487 (15.4%) |
| Median Home Value | $140,061 |
| Average Home Value | $168,565 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
2,920
Multi-Family
105
Businesses
214
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Listed by: Rhonda Robinson • HOUSE HUNTERS REAL ESTATE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158576
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 2025-03-31 11:36:43 PDT