309 8th St · Moundsville, WV 26041

$69,900

4 bd · 2.0 ba · 1,236 sqft · SingleFamily public records · 159 Days on market

Built 1900 3,271 sqft lot Est $95k · 27% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home or investment opportunity! 4 bedrooms, one captured. 10 foot ceilings! Large basement. Live here while making it your own. Design options are unlimited. Lots of storage available!

Key facts

• Efficient floor plan
• Resale potential
• Single-level layout

Tags

• SINGLE-LEVEL LAYOUT
• STRONG RENTAL POTENTIAL
• RESALE POTENTIAL
• COSMETIC UPDATES
• LOW-MAINTENANCE DESIGN
• EFFICIENT FLOOR PLAN

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single family ranch (one story); Residential zoning
• Construction: Aluminum siding; Shingle roof
• Exterior features: Front porch

Interior

• Kitchen: Cooktop; Refrigerator; Electric water heater
• Flooring: Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air; Ceiling fan(s)
• Interior features: Hardwood flooring; Full basement; 8 total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($981 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 4.7% in Moundsville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#105 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety A-; Watch: schools D+, amenities F, commute F.
• Marshall County Schools (suburban): math 28% / reading 36% proficiency, ranked #21 of 55 in WV (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 78 active listings in the ZIP; 6 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Marshall County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $29k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 11.62%
• Cash-on-cash: 19.04%
• DSCR: 1.85
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $95,172
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
606 12th St	0.33mi	3/2.0 (-1)	1,320 (+7%)	0mo	$120,000	$91	68
207 Tomlinson Ave	0.44mi	3/1.0 (-1)	1,232 (-0%)	7mo	$70,000	$57	64
524 9th St	0.17mi	3/1.0 (-1)	1,374 (+11%)	3mo	$41,500	$30	62
1417 Purdy Ave	0.49mi	3/1.5 (-1)	1,232 (-0%)	10mo	$1	—	61
1106 8th St	0.42mi	3/2.0 (-1)	1,156 (-6%)	8mo	$75,000	$65	58
1414 8th St	0.64mi	4/2.0	1,280 (+4%)	9mo	$147,500	$115	56
1025 Morton Ave	0.29mi	3/1.5 (-1)	1,355 (+10%)	10mo	$148,000	$109	55
1004 Morton Ave	0.27mi	3/1.0 (-1)	1,373 (+11%)	6mo	$36,000	$26	55
1012 Mcconnell Dr	0.47mi	3/2.0 (-1)	1,080 (-13%)	1mo	$150,000	$139	51
1412 6th St	0.66mi	3/1.0 (-1)	1,196 (-3%)	10mo	$150,000	$125	46
1013 Sixth St	0.41mi	3/1.0 (-1)	1,368 (+11%)	12mo	$105,000	$77	44
1502 8th St	0.68mi	3/1.0 (-1)	1,385 (+12%)	2mo	$101,000	$73	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.5%
• Equity multiple: 1.25×
• Total profit: $4,953
• Equity at exit: $10,422

10-year hold

• IRR: 15.9%
• Equity multiple: 2.30×
• Total profit: $25,380
• Equity at exit: $6,044

Cash invested: $19,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State West Virginia: 83 Strongly Landlord-Friendly · R+22
• County: — inherits STATE
• City: — inherits STATE

Landlord-favorable; preempted; minimal protections.

Methodology + full state rankings →

ZIP-level market 26041

• Home prices YoY: -24.8%
• Active inventory: 78
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $981 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$69 /mo · $828/yr
• Insurance: −$29
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $255

Break-even live

Break-even rent $659

Max offer price $69,900

Occupancy floor 69%

Sensitivity live

Price	-10% $295	-5% $275	+0% $255	+5% $235	+10% $215
Rent	-10% $177	-5% $216	+0% $255	+5% $294	+10% $333
Rate	-1.0pp $290	-0.5pp $273	base $255	+0.5pp $237	+1.0pp $218

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $69,900 Active 159 DOM
2. 2026-06-18
   days on market $69,900 Active 158 DOM
3. 2026-06-17
   price $69,900 Active 157 DOM
4. 2026-06-17
   days on market $76,000 Active 157 DOM
5. 2026-06-16
   days on market $76,000 Active 156 DOM
6. 2026-06-15
   days on market $76,000 Active 155 DOM
7. 2026-06-14
   days on market $76,000 Active 153 DOM
8. 2026-06-12
   days on market $76,000 Active 152 DOM
9. 2026-06-09
   days on market $76,000 Active 149 DOM
10. 2026-06-08
    days on market $76,000 Active 148 DOM
11. 2026-06-07
    days on market $76,000 Active 147 DOM
12. 2026-06-02
    days on market $76,000 Active 142 DOM
13. 2026-06-01
    days on market $76,000 Active 141 DOM
14. 2026-05-31
    days on market $76,000 Active 140 DOM
15. 2026-05-30
    days on market $76,000 Active 139 DOM
16. 2026-05-09
    price $76,000
17. 2026-04-15
    price $79,500
18. 2026-03-28
    price $84,900
19. 2026-03-24
    status Active
20. 2026-03-12
    status Pending
21. 2026-02-13
    price $88,000
22. 2026-01-15
    price $94,900
23. 2025-12-30
    listed $99,000 Active
24. 2025-10-29
    soldstatus $57,500
25. 2025-09-26
    soldstatus $30,000 Closed 198-char remark

    Show marketing remark (198 chars)

    Great starter home or investment opportunity! 4 bedrooms, one captured. 10 foot ceilings! Large basement. Live here while making it your own. Design options are unlimited. Lots of storage available!

26. 2025-09-23
    status Pending 198-char remark

    Show marketing remark (198 chars)

    Great starter home or investment opportunity! 4 bedrooms, one captured. 10 foot ceilings! Large basement. Live here while making it your own. Design options are unlimited. Lots of storage available!

27. 2025-09-02
    listed $65,000 Active 198-char remark

    Show marketing remark (198 chars)

    Great starter home or investment opportunity! 4 bedrooms, one captured. 10 foot ceilings! Large basement. Live here while making it your own. Design options are unlimited. Lots of storage available!

28. 2019-07-16
    soldstatus $35,545
29. 2012-10-11
    soldstatus $26,800
30. 2005-04-14
    soldstatus $39,000 215-char remark

    Show marketing remark (215 chars)

    NICE RANCH HOME IN CONVENIENT LOCATION. WELL MAINTAINED. 3 BEDROOMS, 2 FULL BATHS, PLUS A SUNROOM/CHANGING ROOM OFF THE MASTER BEDROOM. UPDATES INCLUDE ROOF, BATHS, INTERIOR PAINTING. NICE HARDWOOD FLOORS. MUST SEE.

31. 2005-02-23
    listed $45,000 215-char remark

    Show marketing remark (215 chars)

    NICE RANCH HOME IN CONVENIENT LOCATION. WELL MAINTAINED. 3 BEDROOMS, 2 FULL BATHS, PLUS A SUNROOM/CHANGING ROOM OFF THE MASTER BEDROOM. UPDATES INCLUDE ROOF, BATHS, INTERIOR PAINTING. NICE HARDWOOD FLOORS. MUST SEE.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WV · Resets to sale price

• Current annual tax: $828 · $69/mo
• Projected year-2 tax: $828 · $69/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥99°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,776
• − Mortgage interest: −$3,915
• − Property taxes: −$828
• − Insurance: −$1,016
• − Repairs & maintenance: −$942
• − Management: −$942
• − Depreciation: −$2,033
• Taxable income: $2,099
• Est. tax owed @ 24.0%: −$504
• After-tax cash flow: $2,556/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Marshall County Schools
• NCES district ID: 5400750
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 36% ▼ -4.00%
• Median HH income: $40,289
• Composite: 26.91/100
• National rank: #7086
• State rank: #21 of 55 in WV

Livability — Moundsville

• Score: 66/100
• State rank: #105
• US rank: #11553

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment F Housing A- Health & safety A- User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moundsville, WV
• County: Marshall · 16,750 people
• Metro: Wheeling, WV-OH
• Population (ZIP): 15,706
• Household income: $55,545
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 7.4

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 30,387 people
• By 2030: 29,242 · -3.8%
• By 2040: 26,806 · -11.8%
• By 2050: 24,627 · -19.0%
• By 2075: 19,846 · -34.7%
• By 2100: 15,169 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Iranian 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+50.0) · D 24.1% · R 74.1% · Other 1.8%
• 2008→2024 swing: -37.5pp toward R · 2008: -12.6pp · 2024: -50.0pp
• All cycles: 2024: R+50.0 2020: R+49.6 2016: R+51.0 2012: R+28.6 2008: R+12.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.71%
• Current HPI: 153.9522
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+68.9% since first listed

16 events — show timeline

• 2026-05-09 Price Changed $76,000 WBOR
• 2026-04-15 Price Changed $79,500 WBOR
• 2026-03-28 Price Changed $84,900 WBOR
• 2026-03-24 Relisted — WBOR
• 2026-03-12 Pending — WBOR
• 2026-02-13 Price Changed $88,000 WBOR
• 2026-01-15 Price Changed $94,900 WBOR
• 2025-12-30 Listed $99,000 WBOR
• 2025-10-29 Sold (Public Records) $57,500 Public Records
• 2025-09-26 Sold (MLS) $30,000 WBOR
• 2025-09-23 Pending — WBOR
• 2025-09-02 Listed $65,000 WBOR
• 2019-07-16 Sold (Public Records) $35,545 Public Records
• 2012-10-11 Sold (Public Records) $26,800 Public Records
• 2005-04-14 Sold (MLS) $39,000 WBOR
• 2005-02-23 Listed $45,000 WBOR

Property tax history

+1.9%/yr

Latest (2025): $828 · +2.9% YoY. Source: county tax records.