1136 Steeplechase 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
Investment property for sale in Morgantown at 1136 Steeplechase Dr, Morgantown, WV, 26508 offers a 8.88% rental yield on a $730,000 purchase with $5,402/mo rent. Total monthly income registers $5,402/mo, and a $3,573/mo payment leaves $1,085/mo available for distribution. Annual cash flow reaches $13,017/yr on $240,170 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $4,711/yr while 5% annual appreciation supports $201,686 over five years. Portfolio math shows five-year ROI at 132.32% and total cumulative return in cash at $317,786. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,402/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.41 Acres lot
$N/A/sqft
$1,120 annually 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: Jarrod Harper • REAL BROKER, LLC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10155651
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