601 Grand StMorgantownWV26501
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
Rental property for sale in Morgantown at 601 Grand St, Morgantown, WV, 26501 priced at $583,000 converts $2,873/mo rent into after a $2,853/mo obligation. Total monthly income equals $2,873/mo. Return on cash invested prints 16.85% in year one, and rental yield reads 5.91% against a $583,000 entry. Equity gained on principal adds $3,762/yr, while 5% annual appreciation compiles into $161,072 by year five. Five-year ROI reaches 85.93% and total cumulative return in cash sums $164,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,873/mo property income covering a $2,853/mo payment, not borrower’s personal income.
Single Family
Built in 1928
0.36 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victoria Cather • OLD COLONY, REALTORS
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10159250
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 2025-10-10 23:35:18 PDT