1041 Montrose AveMorgantownWV26505
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
Investment property for sale in Morgantown at 1041 Montrose Ave, Morgantown, WV, 26505 uses $62,952 cash to close to unlock $7,040/yr annual cash flow and $587/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $929/mo payment keeps the spread at $587/mo. Purchase price stands at $189,900, and rental yield measures 10.65% with $1,685/mo rent. Return on cash invested shows 31.09% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 162.3% and total cumulative return in cash records $102,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,995 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JACK HALL • SNIDER REALTY GROUP
Mls Name: NCWV REIN
Mls ID: #10157880