228 Morris StMorgantownWV26501
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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
Rental property for sale in Morgantown at 228 Morris St, Morgantown, WV, 26501 generates $3,199/mo in rent and, after a $1,835/mo payment, leaves $1,030/mo in cash flow. Total monthly income is $3,199/mo, and annual cash flow is $12,356/yr on $124,313 invested. Return on cash invested sits at 29.85% in year one, and rental yield is 10.24% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 155.62% and total cumulative return in cash sums $193,455. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,199/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
2,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26501, Morgantown, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,898 (100%) |
| Owner Occupied HU | 5,659 (57.2%) |
| Renter Occupied HU | 3,294 (33.3%) |
| Vacant Housing Units | 945 ( 9.5%) |
| Median Home Value | $229,353 |
| Average Home Value | $275,429 |
Housing Distribution
Address Breakdown
Residential
9,296
Single Family
8,727
Multi-Family
569
Businesses
796
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Listed by: MICHELLE DODRILL • VANTAGE POINT REALTY, LLC
Mls Name: NCWV REIN
Mls ID: #10163144