8 Summers RidgeMorgantownWV26508
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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 Summers Ridge, Morgantown, WV, 26508 offers $3,187/mo rent that, after a $2,068/mo payment, leaves $742/mo cash flow. Total monthly income is $3,187/mo, and annual cash flow is $8,907/yr on $140,059 cash. Return on cash invested measures 26.27% in year one, and rental yield stands at 9.05% at a $422,500 entry. Equity gained on principal adds $2,726/yr while 5% annual appreciation compounds into $116,729 by year five. Five-year ROI records 136.43% and total cumulative return in cash reaches $191,088. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,187/mo property income versus a $2,068/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 26508, Morgantown, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,768 (100%) |
| Owner Occupied HU | 11,688 (65.8%) |
| Renter Occupied HU | 4,392 (24.7%) |
| Vacant Housing Units | 1,688 ( 9.5%) |
| Median Home Value | $320,556 |
| Average Home Value | $366,369 |
Housing Distribution
Address Breakdown
Residential
16,335
Single Family
15,096
Multi-Family
1,239
Businesses
692
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Listed by: BRIAN HAUFE • KELLER WILLIAMS REALTY ADVANTAGE
Mls Name: NCWV REIN
Mls ID: #10162938