1308 Montrose StMorgantownWV26505
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 1308 Montrose St, Morgantown, WV, 26505 uses $51,383 cash to close to unlock $6,166/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $1,411/mo, and a $759/mo payment keeps the spread at $514/mo. Purchase price stands at $155,000, and rental yield measures 10.92% with $1,411/mo rent. Return on cash invested shows 31.91% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 166.64% and total cumulative return in cash records $85,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,411/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1940
3,920 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: WESLEY HAYNES • BLUE SKY REALTY, LLC
Mls Name: NCWV REIN
Mls ID: #10162569