38 Smokey Drain RdMorgantownWV26501
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 38 Smokey Drain Rd, Morgantown, WV, 26501 listed at $550,000 pairs $2,209/mo rent with a $2,692/mo payment. Total monthly income runs $2,209/mo. Return on cash invested measures 13.6% in year one, and rental yield registers 4.82% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 68.47% and total cumulative return in cash totals $123,898. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,209/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
24.75 Acres 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: Amy Oliverio • OLIVERIO REALTY, LLC
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10158483
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 2025-04-03 12:17:21 PDT