232 Kelly RdMorgantownWV26508
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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 232 Kelly Rd, Morgantown, WV, 26508 with 5% annual appreciation on a $214,900 basis while $1,819/mo rent supports operations. Total monthly income totals $1,819/mo and a $1,052/mo payment preserves $575/mo for cash returns. Annual cash flow comes to $6,905/yr on $71,239 deployed, and return on cash invested reaches 29.6% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,373 alongside rental yield of 10.16%. Five-year ROI measures 154.34% and total cumulative return in cash totals $109,950.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,819/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.39 Acres 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: MICHELLE OATES DUDA • COMPASS REALTY GROUP, LLC
Mls Name: NCWV REIN
Mls ID: #10162786