202 Norwood CtMorgantownWV26508
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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
Rental property for sale in Morgantown at 202 Norwood Ct, Morgantown, WV, 26508 priced at $885,000 pairs $6,683/mo rent with $1,479/mo cash flow after a $4,332/mo payment. Total monthly income equals $6,683/mo, and annual cash flow comes to $17,743/yr on $291,165 invested. Return on cash invested is 26.15% in year one, and rental yield stands at 9.06% on a $885,000 basis. Equity gained on principal adds $5,711/yr, and 5% annual appreciation accumulates to $244,509 by year five. Five-year ROI measures 135.89% and total cumulative return in cash reaches $395,670. For financing, Ziffy Mortgage’s DSCR program evaluates $6,683/mo property income against a $4,332/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.57 Acres lot
$N/A/sqft
$1,000 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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Nearby investment properties with comparable prices
Listed by: Shannon Porto • BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10157605
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 2025-02-18 07:13:42 PST