149 Summits RdgMorgantownWV26508
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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 149 Summits Rdg, Morgantown, WV, 26508 at $316,435 posts ROI 25.16% with $459/mo cash flow from $2,340/mo rent. Total monthly income equals $2,340/mo, and annual cash flow records $5,506/yr on $104,898 to close. Return on cash invested measures 25.16% and rental yield reads 8.87% at the current $316,435. Equity gained on principal adds $2,042/yr, and 5% annual appreciation supports $87,425 by year five. Five-year ROI prints 130.66% and total cumulative return in cash totals $137,064.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
$600 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: Alyssa Rees • KLM PROPERTIES, INC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156520
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