338 Jackson AveMorgantownWV26501
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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 338 Jackson Ave, Morgantown, WV, 26501 priced at $260,000 converts $2,310/mo rent into $805/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $9,662/yr on $86,190 invested. Return on cash invested prints 31.12% in year one, and rental yield reads 10.66% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 162.48% and total cumulative return in cash sums $140,045. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1964
6,098 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: BECKY REES • KLM PROPERTIES, INC
Mls Name: NCWV REIN
Mls ID: #10162701