157 Canyon RdMorgantownWV26508
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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 157 Canyon Rd, Morgantown, WV, 26508 uses $132,269 cash to close to unlock $3,159/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $2,572/mo, and a $1,953/mo payment keeps the spread at $263/mo. Purchase price stands at $399,000, and rental yield measures 7.74% with $2,572/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 115.14% and total cumulative return in cash records $152,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,572/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 2009
1.51 Acres lot
$N/A/sqft
No 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: Kristina Wolski • Joe R. Pyle Complete Auction and Realty Service
Mls Name: My State MLS
Mls ID: #11362821