324 Simpson StMorgantownWV26501
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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
Investment property for sale in Morgantown at 324 Simpson St, Morgantown, WV, 26501 offers a 5.67% rental yield on a $588,850 purchase with $2,783/mo rent. 19% in year one. Equity gained on principal adds $3,800/yr while 5% annual appreciation supports $162,688 over five years. Portfolio math shows five-year ROI at 82.35% and total cumulative return in cash at $159,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,783/mo property income against a $2,882/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1922
3,920 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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Nearby investment properties with comparable prices
Listed by: Laura C Walker • J.S. WALKER ASSOC.
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10160172
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 2025-06-27 12:55:34 PDT