1124 Baltimore St · Wheeling, WV 26003

$5,000

2 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 17 Days on market

Built 1910 0.37 ac lot

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Attention investors and contractors! Three-level structure with approximately 1,536 total square feet (16' x 32' footprint) ready for a complete transformation. Property has been substantially gutted and will require significant rehabilitation. Improvements include a newer roof and updated electric service. Property is located in a flood zone and is being sold strictly as-is. Cash sale only. Bring your vision and evaluate the possibilities for renovation or redevelopment. Seller may consider packaging this property with another investment property currently available for sale.

Key facts

• Newer roof
• 0.37 acre lot
• Built 1910

Tags

• NEWER ROOF
• UPDATED ELECTRIC SERVICE

Property features AI

Finance

• Other: Residential zoning

Exterior

• Utilities: Public water; Public sewer
• Home design: Single family residence (traditional); 2-story
• Construction: Aluminum siding
• Exterior features: Front porch; Fenced yard; Shingle roof

Interior

• Kitchen: Gas water heater
• Bedrooms: Total of 4 rooms (includes bedrooms and living spaces)
• Flooring: Carpet flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Heating present
• Interior features: Two fireplaces; Full basement

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$63,488) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $406 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $5k).
• Recommended offer: $5k (1.5% below list) — sets the bar for market timing.
• Cap rate 214.3% vs local median 4.3% in Wheeling — 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 69/100 on livability (#74 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime F, amenities F, commute F.
• Ohio County Schools (urban): math 34% / reading 49% proficiency, ranked #5 of 55 in WV (top 9%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ritchie Elementary School (math 62% / reading 57%, grade B-, #15 of 377 statewide, top 5%, 285 students, 0% FRL); Wheeling Middle School (math 17% / reading 47%, grade F, #46 of 109 statewide, top 46%, 192 students, 0% FRL); Wheeling Park High School (math 27% / reading 57%, grade F, #14 of 110 statewide, top 16%, 1,490 students, 0% FRL) — zoned schools average 0% FRL vs 44% district-wide (44 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.0%/yr); 228 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 2 units permitted in Ohio County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $35 of loan paydown is wiped out by about $150 of value loss. Plan a longer hold.
• Ohio County population projected at -17% 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 $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($5k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $4,925 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 22.81% ✓
• Cap rate: 214.25%
• Cash-on-cash: 742.70%
• DSCR: 34.05
• GRM: 0.4

CMA / ARV

• ARV (on-the-fly): $63,488
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
461 National Rd	0.57mi	2/—	1,052 (+3%)	5mo	$12,500	$12	64
161 19th St	0.51mi	2/1.0	1,024 (0%)	23mo	$55,000	$54	57
649 National Rd	0.58mi	2/1.0	1,056 (+3%)	18mo	$65,000	$62	52
3 Dorman Rd	0.72mi	1/1.5 (-1)	1,174 (+15%)	1mo	$178,500	$152	34

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 · 3.03% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 19.13×
• Total profit: $25,387
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 41.55×
• Total profit: $56,770
• Equity at exit: $432

Cash invested: $1,400 (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 26003

• Home prices YoY: -23.4%
• Rents YoY: 3.0%
• Active inventory: 228
• Price-to-rent: 0.4×

Monthly cashflow live

• Estimated rent: $1,141 medium
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $406

Break-even live

Break-even rent $627

Max offer price $5,000

Occupancy floor 59%

Sensitivity live

Price	-10% $410	-5% $408	+0% $406	+5% $404	+10% $403
Rent	-10% $316	-5% $361	+0% $406	+5% $451	+10% $496
Rate	-1.0pp $409	-0.5pp $407	base $406	+0.5pp $405	+1.0pp $403

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 16th St Wheeling, WV	1.0–3.0	1.0–2.0	1000	$9,156	$9.16	45d	1	0.77mi
8 5th St Wheeling, WV	2.0	1.5	801	$824	$1.03	45d	1	0.88mi
614 N Front St Wheeling, WV	2.0	1.0	1000	$1,500	$1.50	45d	1	1.29mi

Listing history 12 events

1. 2026-06-21
   days on market $5,000 Active 17 DOM
2. 2026-06-19
   days on market $5,000 Active 15 DOM
3. 2026-06-18
   days on market $5,000 Active 14 DOM
4. 2026-06-17
   days on market $5,000 Active 13 DOM
5. 2026-06-16
   days on market $5,000 Active 12 DOM
6. 2026-06-15
   days on market $5,000 Active 11 DOM
7. 2026-06-14
   days on market $5,000 Active 9 DOM
8. 2026-06-12
   days on market $5,000 Active 8 DOM
9. 2026-06-09
   days on market $5,000 Active 5 DOM
10. 2026-06-08
    days on market $5,000 Active 4 DOM
11. 2026-06-07
    remarks 583-char remark
12. 2026-06-07
    listed $5,000 Active 3 DOM

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,687
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$5,550
• − Repairs & maintenance: −$1,095
• − Management: −$1,095
• − Depreciation: −$145
• Taxable income: $5,446
• Est. tax owed @ 24.0%: −$1,307
• After-tax cash flow: $3,566/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: Ohio County Schools
• NCES district ID: 5401050
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 49% ▼ -6.00%
• Median HH income: $41,572
• Composite: 34.88/100
• National rank: #5085
• State rank: #5 of 55 in WV

Livability — Wheeling

• Score: 69/100
• State rank: #74
• US rank: #8950

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wheeling, WV
• County: Ohio County · 39,982 people
• City population: 39,982
• Metro: Wheeling, WV-OH
• Population (ZIP): 39,982
• Household income: $57,703
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 1630.0

Population outlook (Ohio County) Hauer SSP2

• Today (2025): 40,604 people
• By 2030: 39,150 · -3.6%
• By 2040: 36,039 · -11.2%
• By 2050: 33,582 · -17.3%
• By 2075: 28,662 · -29.4%
• By 2100: 22,963 · -43.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Black 3% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Serbian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Ohio

• 2024 margin: Strong R (+26.0) · D 36.0% · R 62.0% · Other 2.0%
• 2008→2024 swing: -15.3pp toward R · 2008: -10.8pp · 2024: -26.0pp
• All cycles: 2024: R+26.0 2020: R+25.8 2016: R+31.6 2012: R+22.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.09%
• Current HPI: 223.4106
• Rent YoY: ▲ 3.03%
• Metro: Wheeling, WV-OH
• State GDP YoY: —
• F500 in state: 0

Price history

-66.7% since first listed

2 events — show timeline

• 2026-06-04 Listed $5,000 WBOR
• 2002-03-18 Sold (Public Records) $15,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $299 · +5.1% YoY. Source: county tax records.