816 Ridgeway AveMorgantownWV26505
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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 816 Ridgeway Ave, Morgantown, WV, 26505 generates $1,948/mo in rent and, after a $1,380/mo payment, leaves $317/mo in cash flow. Total monthly income is $1,948/mo, and annual cash flow is $3,799/yr on $93,483 invested. Return on cash invested sits at 23.97% in year one, and rental yield is 8.29% on a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation builds toward $77,911 over five years. Five-year ROI reaches 124.12% and total cumulative return in cash sums $116,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,948/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
3,005 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: ANGELA KUDUROGIANIS • REAL BROKER, LLC
Mls Name: NCWV REIN
Mls ID: #10163003