16 Robin LnMorgantownWV26508
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 16 Robin Ln, Morgantown, WV, 26508 earns $773/mo cash flow from $2,226/mo rent with a $1,194/mo payment. Total monthly income totals $2,226/mo, and annual cash flow totals $9,273/yr on $80,886 capital. ROI tracks 31.37% on current figures, and rental yield reads 10.95% at a $244,000 purchase. Equity gained on principal adds $1,574/yr, and 5% annual appreciation supports $67,413 over five years. Five-year ROI reaches 164.02% and total cumulative return in cash sums $132,670. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,226/mo property income instead of your personal income.
Townhouse
Built in 2007
2,555 sqft lot
$N/A/sqft
$500 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: Mary Oldham • COLDWELL BANKER ALLIANCE REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156792
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