3473 Collins Ferry RdMorgantownWV26505
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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
Investment property for sale in Morgantown at 3473 Collins Ferry Rd, Morgantown, WV, 26505 uses $146,689 cash to close to unlock $4,313/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $2,920/mo, and a $2,166/mo payment keeps the spread at $359/mo. Purchase price stands at $442,500, and rental yield measures 7.92% with $2,920/mo rent. Return on cash invested shows 22.85% in year one, and 5% annual appreciation builds toward $122,255 over five years. Five-year ROI reaches 118.09% and total cumulative return in cash records $173,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,920/mo property income covering a $2,166/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26505, Morgantown, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,140 (100%) |
| Owner Occupied HU | 5,084 (25.2%) |
| Renter Occupied HU | 12,389 (61.5%) |
| Vacant Housing Units | 2,667 (13.2%) |
| Median Home Value | $293,024 |
| Average Home Value | $345,737 |
Housing Distribution
Address Breakdown
Residential
18,392
Single Family
13,304
Multi-Family
5,088
Businesses
1,351
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Listed by: ZECH BEARD • COMPASS REALTY GROUP, LLC
Mls Name: NCWV REIN
Mls ID: #10162904