1512 Fourth St · Moundsville, WV 26041

$92,500

3 bd · 2.0 ba · 1,316 sqft · SingleFamily public records · 295 Days on market

Built 1910 7,405 sqft lot Est $120k · 23% under ↓ 14% since listing

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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 +26.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +5.7/10.0
• 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

Super nice location in Moundsville, two lots, one with house and 1 car detached garage, second lot has newer 2 car garage with covered patio 24x24 overlooking the yard.

Key facts

• Two lots
• Newer garage
• Moundsville location

Tags

• MOUNDSVILLE LOCATION
• TWO LOTS
• DETACHED GARAGE
• NEWER GARAGE
• COVERED PATIO
• OVERLOOKING YARD

Property features AI

Exterior

• Parking: Detached garage with garage door opener (2 spaces)
• Utilities: Public water; Public sewer
• Home design: Single family residence (Traditional); 2 stories
• Construction: Vinyl siding; Shingle roof
• Exterior features: Patio; Porch; Fenced yard

Interior

• Kitchen: Range
• Flooring: Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air; Ceiling fans
• Interior features: Full basement; 6 total rooms
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($986 rent vs $92k).
• Recommended offer: $81k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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 $640 of loan paydown is wiped out by about $3k 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 $26k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 295 days — a 12% lower offer ($81k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $81,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 295 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 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.07% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.96%
• DSCR: 1.49
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $119,756
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2018 Jackson St	0.37mi	3/1.0	1,296 (-2%)	1mo	$193,000	$149	75
1502 8th St	0.23mi	3/1.0	1,385 (+5%)	2mo	$101,000	$73	75
117 Ash Ave	0.25mi	3/1.5	1,392 (+6%)	3mo	$106,000	$76	74
1404 9th St	0.27mi	2/1.5 (-1)	1,260 (-4%)	1mo	$128,500	$102	72
1417 3rd St	0.03mi	2/1.5 (-1)	1,512 (+15%)	2mo	$125,000	$83	66
606 12th St	0.74mi	3/2.0	1,320 (+0%)	0mo	$120,000	$91	65
524 9th St	0.58mi	3/1.0	1,374 (+4%)	3mo	$41,500	$30	59
105 Cypress Ave	0.30mi	3/1.5	1,496 (+14%)	3mo	$165,000	$110	59
54 Linden Ave	0.73mi	3/2.5	1,250 (-5%)	0mo	$170,000	$136	55
2305 Fourth St	0.50mi	3/1.0	1,152 (-12%)	2mo	$56,000	$49	50
2009 Center St	0.43mi	2/1.0 (-1)	1,172 (-11%)	6mo	$99,000	$84	48
185 Middle Grave Creek Rd	0.70mi	2/2.0 (-1)	1,437 (+9%)	6mo	$135,000	$94	42

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: 0.0%
• Equity multiple: 1.00×
• Total profit: $38
• Equity at exit: $13,792

10-year hold

• IRR: 9.7%
• Equity multiple: 1.74×
• Total profit: $19,259
• Equity at exit: $7,998

Cash invested: $25,900 (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: 7.8×

Monthly cashflow live

• Estimated rent: $986 medium
• Mortgage (P&I): −$485
• Tax from tax record: −$19 /mo · $225/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $237

Break-even live

Break-even rent $687

Max offer price $92,500

Occupancy floor 71%

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $92,500 Active 295 DOM
2. 2026-06-18
   days on market $92,500 Active 294 DOM
3. 2026-06-17
   days on market $92,500 Active 293 DOM
4. 2026-06-16
   days on market $92,500 Active 292 DOM
5. 2026-06-15
   days on market $92,500 Active 291 DOM
6. 2026-06-14
   days on market $92,500 Active 289 DOM
7. 2026-06-12
   days on market $92,500 Active 288 DOM
8. 2026-06-09
   days on market $92,500 Active 285 DOM
9. 2026-06-08
   days on market $92,500 Active 284 DOM
10. 2026-06-07
    days on market $92,500 Active 283 DOM
11. 2026-06-03
    price $92,500 Active 278 DOM
12. 2026-06-02
    days on market $119,900 Active 278 DOM
13. 2026-06-01
    days on market $119,900 Active 277 DOM
14. 2026-05-31
    days on market $119,900 Active 276 DOM
15. 2026-05-30
    days on market $119,900 Active 275 DOM
16. 2026-02-28
    price $119,900
17. 2025-08-28
    listed $139,900 Active

ⓘ 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: $225 · $19/mo
• Projected year-2 tax: $546 · $45/mo
• Expected delta: +$321/yr (+$27/mo · 143.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,833
• − Mortgage interest: −$5,181
• − Property taxes: −$225
• − Insurance: −$462
• − Repairs & maintenance: −$947
• − Management: −$947
• − Depreciation: −$2,691
• Taxable income: $1,380
• Est. tax owed @ 24.0%: −$331
• After-tax cash flow: $2,509/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

-14.3% since first listed

2 events — show timeline

• 2026-02-28 Price Changed $119,900 WBOR
• 2025-08-28 Listed $139,900 WBOR

Property tax history

+2.8%/yr

Latest (2025): $225 · +6.6% YoY. Source: county tax records.