12 French Quarters DrMorgantownWV26505
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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 12 French Quarters Dr, Morgantown, WV, 26505 uses $179,305 cash to close to unlock $2,929/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $3,398/mo, and a $2,668/mo payment keeps the spread at $244/mo. Purchase price stands at $545,000, and rental yield measures 7.48% with $3,398/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 111.87% and total cumulative return in cash records $200,580. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,398/mo property income covering a $2,668/mo payment rather than investor’s personal income.
Single Family
Built in 2009
4,965 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
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Listed by: Laura C Walker • J.S. WALKER ASSOC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10159071
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 2025-04-26 10:48:43 PDT