1123 Bakers Ridge RdMorgantownWV26508
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 1123 Bakers Ridge Rd, Morgantown, WV, 26508 in Morgantown worth modelling. At $450,000 with a 7% gross yield, the $2,624/mo rent leaves $21/mo after the $2,023/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.30 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $124,327 by year five; $4,145/yr in principal reduction adds further equity. Total projected return: $171,180.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 5.2% |
| Monthly Cash Flow | $21 | $450 |
City averages based on Morgantown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,624 |
| Total Monthly Debt Service | $2,425 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1967
5.39 Acres 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
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
Single Family
Built in 1967
5.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BILL PORTER • HERITAGE REAL ESTATE CO.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10159552
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 2025-10-31 03:38:27 PDT