3606 Monarch CtMorgantownWV26508
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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 3606 Monarch Ct, Morgantown, WV, 26508 priced at $650,000 converts $4,325/mo rent into $564/mo cash flow after a $3,181/mo obligation. Total monthly income equals $4,325/mo, and annual cash flow totals $6,773/yr on $213,850 invested. Return on cash invested prints 23.23% in year one, and rental yield reads 7.98% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 120.07% and total cumulative return in cash sums $256,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,325/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.61 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
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Listed by: JULIE MILLS • J.S. WALKER ASSOCIATES
Mls Name: NCWV REIN
Mls ID: #10162865