60 Mason StMorgantownWV26505
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 60 Mason St, Morgantown, WV, 26505 offers a 20.07% rental yield on a $124,500 purchase with $2,082/mo rent. Total monthly income registers $2,082/mo, and a $609/mo payment leaves $1,294/mo available for distribution. Annual cash flow reaches $15,532/yr on $41,272 to close, and return on cash invested stands at 57.54% in year one. Equity gained on principal adds $803/yr while 5% annual appreciation supports $34,397 over five years. Portfolio math shows five-year ROI at 304.9% and total cumulative return in cash at $125,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,082/mo property income against a $609/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
0.25 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Stewart • COLDWELL BANKER ALLIANCE REALTY
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10154785
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 2024-02-07 10:15:58 PST