409 Forest AveMorgantownWV26505
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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
Total monthly income runs $1,288/mo, and a $1,175/mo payment. Purchase price stands at $240,000, and rental yield measures 6.44% with $1,288/mo rent. Return on cash invested shows 18.39% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 94.14% and total cumulative return in cash records $74,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,288/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
2,395 sqft 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: MICHAEL DiCENSO • RED BRICK PROPERTIES
Mls Name: NCWV REIN
Mls ID: #10159421