229 Grand 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
Total monthly income runs $2,873/mo, and a $2,687/mo payment. Purchase price stands at $549,000, and rental yield measures 6.28% with $2,873/mo rent. Return on cash invested shows 18.04% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 92.29% and total cumulative return in cash records $166,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,873/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 1906
4,996 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: Frances W Zepp • OLD COLONY, REALTORS
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158167
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 2025-03-18 12:10:13 PDT