32 Cleveland AveWestoverWV26501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Westover at 32 Cleveland Ave, Westover, WV, 26501 generates $1,172/mo in rent and, after a $710/mo payment, leaves $333/mo in cash flow. Total monthly income is $1,172/mo, and annual cash flow is $3,993/yr on $48,068 invested. Return on cash invested sits at 28.22% in year one, and rental yield is 9.7% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 146.86% and total cumulative return in cash sums $70,592. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,172/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
4,007 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GRETCHEN MANCINOTTI • VANTAGE POINT REALTY, LLC
Mls Name: NCWV REIN
Mls ID: #10162625