305 Spring RdMorgantownWV26501
Nearby investment properties with comparable rents
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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 305 Spring Rd, Morgantown, WV, 26501 priced at $235,000 converts $1,362/mo rent into $2/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,362/mo, and annual cash flow totals $30/yr on $77,903 invested. Return on cash invested prints 19.95% in year one, and rental yield reads 6.95% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 102.55% and total cumulative return in cash sums $79,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,362/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1930
1,600 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: Elizabeth Cilella • COLDWELL BANKER ALLIANCE REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156672
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 2024-02-07 10:15:58 PST