3208 Lemley StMorgantownWV26508
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 Morgantown at 3208 Lemley St, Morgantown, WV, 26508 generates $2,884/mo in rent and, after a $1,855/mo payment, leaves $691/mo in cash flow. Total monthly income is $2,884/mo, and annual cash flow is $8,293/yr on $125,639 invested. Return on cash invested sits at 26.51% in year one, and rental yield is 9.13% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 137.74% and total cumulative return in cash sums $173,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,884/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AUSTYN SKEEN • REAL BROKER, LLC
Mls Name: NCWV REIN
Mls ID: #10161962