111 Park Place 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
Rental property for sale in Morgantown at 111 Park Place Dr, Morgantown, WV, 26508 generates $2,038/mo in rent and, after a $1,045/mo payment, leaves $803/mo in cash flow. Total monthly income is $2,038/mo, and annual cash flow is $9,632/yr on $70,775 invested. Return on cash invested sits at 33.52% in year one, and rental yield is 11.45% on a $213,500 entry. Equity gained on principal adds $1,378/yr, while 5% annual appreciation builds toward $58,986 over five years. Five-year ROI reaches 175.31% and total cumulative return in cash sums $124,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,038/mo property income rather than buyer’s personal income.
Townhouse
Built in 2010
2,315 sqft lot
$N/A/sqft
No 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: CHERI GRIGSBY • BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Mls Name: NCWV REIN
Mls ID: #10162251