8 Drake RdMorgantownWV26501
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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 Morgantown at 8 Drake Rd, Morgantown, WV, 26501 offers $1,320/mo rent that, after a $978/mo payment, leaves $164/mo cash flow. Total monthly income is $1,320/mo, and annual cash flow is $1,965/yr on $66,267 cash. Return on cash invested measures 22.87% in year one, and rental yield stands at 7.92% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 118.23% and total cumulative return in cash reaches $78,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
4,573 sqft 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
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Listed by: RYAN PETRUCCI • J.S. WALKER ASSOC.
Mls Name: NCWV REIN
Mls ID: #10161374