255 Spring StMorgantownWV26505
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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 255 Spring St, Morgantown, WV, 26505 uses $106,080 cash to close to unlock $884/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,566/mo payment keeps the spread at $74/mo. Purchase price stands at $320,000, and rental yield measures 7.22% with $1,925/mo rent. Return on cash invested shows 20.74% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 106.78% and total cumulative return in cash records $113,271. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1975
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26505, Morgantown, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,140 (100%) |
| Owner Occupied HU | 5,084 (25.2%) |
| Renter Occupied HU | 12,389 (61.5%) |
| Vacant Housing Units | 2,667 (13.2%) |
| Median Home Value | $293,024 |
| Average Home Value | $345,737 |
Housing Distribution
Address Breakdown
Residential
18,392
Single Family
13,304
Multi-Family
5,088
Businesses
1,351
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Listed by: CASEY QUINLAN • J.S. WALKER ASSOC.
Mls Name: NCWV REIN
Mls ID: #10161106