453 Mansfield 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
Investment property for sale in Morgantown at 453 Mansfield Ave, Morgantown, WV, 26505 uses $92,820 cash to close to unlock $3,364/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $1,370/mo payment keeps the spread at $280/mo. Purchase price stands at $280,000, and rental yield measures 8.14% with $1,900/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 121.77% and total cumulative return in cash records $113,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2003
4,007 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: BARBARA KNOWLTON-PHILLIPS • SNIDER REALTY GROUP
Mls Name: NCWV REIN
Mls ID: #10161037