1386 Riddle AveMorgantownWV26505
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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 1386 Riddle Ave, Morgantown, WV, 26505 earns $385/mo cash flow from $2,178/mo rent with a $1,517/mo payment. Total monthly income totals $2,178/mo, and annual cash flow totals $4,615/yr on $102,765 capital. ROI tracks 24.4% on current figures, and rental yield reads 8.43% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 126.4% and total cumulative return in cash sums $129,895. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,178/mo property income instead of your personal income.
Single Family
Built in 1980
7,840 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: Logan Williams • HARDY WORLD, LLC
Mls Name: WPMLS
Mls Provider:
Mls ID: #1703064
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.