22 Eastgate DrMorgantownWV26508
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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 22 Eastgate Dr, Morgantown, WV, 26508 uses $63,648 cash to close to unlock $4,738/yr annual cash flow and $395/mo monthly cash flow. Total monthly income runs $1,506/mo, and a $940/mo payment keeps the spread at $395/mo. Purchase price stands at $192,000, and rental yield measures 9.41% with $1,506/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 142.24% and total cumulative return in cash records $90,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,506/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in 1974
N/A 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: KRISTINE CRUTCH • J.S. WALKER ASSOC.
Mls Name: NCWV REIN
Mls ID: #10161753