265 Waitman 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 265 Waitman St, Morgantown, WV, 26501 priced at $220,000 converts $1,732/mo rent into $459/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,732/mo, and annual cash flow totals $5,506/yr on $72,930 invested. Return on cash invested prints 27.46% in year one, and rental yield reads 9.45% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 142.8% and total cumulative return in cash sums $104,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,732/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1950
10,018 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: MINDY TATAR • SNIDER REALTY GROUP
Mls Name: NCWV REIN
Mls ID: #10160336