824 Louise 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
Investment property for sale in Morgantown at 824 Louise Ave, Morgantown, WV, 26505 offers a 8.42% rental yield on a $279,000 purchase with $1,958/mo rent. Total monthly income registers $1,958/mo, and a $1,366/mo payment leaves $343/mo available for distribution. Annual cash flow reaches $4,119/yr on $92,489 to close, and return on cash invested stands at 24.36% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 126.24% and total cumulative return in cash at $116,755. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,958/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
3,920 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: DESTINY SYLVESTER • BEL-CROSS PROPERTIES, LLC
Mls Name: NCWV REIN
Mls ID: #10162403