459 Congress AveStar CityWV26505
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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 Star City at 459 Congress Ave, Star City, WV, 26505 offers $1,889/mo rent that, after a $1,542/mo payment, leaves $66/mo cash flow. Total monthly income is $1,889/mo, and annual cash flow is $794/yr on $104,423 cash. Return on cash invested measures 20.67% in year one, and rental yield stands at 7.2% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 106.43% and total cumulative return in cash reaches $111,137. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,889/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
7,840 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: ERIN SNIDER • SNIDER REALTY GROUP
Mls Name: NCWV REIN
Mls ID: #10162458