328 S High StMorgantownWV26501
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
Investment property for sale in Morgantown at 328 S High St, Morgantown, WV, 26501 uses $116,025 cash to close to unlock $671/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $2,081/mo, and a $1,713/mo payment keeps the spread at $56/mo. Purchase price stands at $350,000, and rental yield measures 7.13% with $2,081/mo rent. Return on cash invested shows 20.49% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 105.4% and total cumulative return in cash records $122,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,081/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,006 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: CHRISTINE HEADLEE • EXP REALTY, LLC
Mls Name: NCWV REIN
Mls ID: #10162677