719 3rd St · Martinsburg, WV 25404

$120,000

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 104 Days on market

Built 1918 8,951 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Rent growth +4.1/5.0
• Livability +3.8/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Price Reduced. .. .. .. .. .Opportunity awaits with this two-story home located within the City of Martinsburg. Offering 2 bedrooms and 1 full bath, the home provides approximately 1,120 square feet of living space and sits on a spacious 0.21-acre lot, offering plenty of outdoor space for gardening, recreation, or future improvements. The home features a traditional floor plan with comfortable living areas and natural light throughout. Public water and sewer service the property, and the in-town location allows convenient access to local shopping, dining, parks, and major commuter routes. With its manageable size and generous yard, this property presents a great opportunity for buyers looki

Key facts

• 8,951 sq ft lot
• Built 1918
• Listed 104 days

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Alley access; Driveway; On-street parking
• Utilities: Public water; Public sewer
• Home design: Detached structure; Located within city limits (City Of Martinsburg)
• Construction: Frame construction; Stone foundation; Building winterized
• Exterior features: Patio(s); Shed; Above-grade and below-grade structures

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level; 1 full bathroom total
• Heating & cooling: Forced air heating; Natural gas heating fuel; Electric hot water
• Interior features: Not furnished; No basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $483 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $109k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 4.0% in Martinsburg — 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 75/100 on livability (#29 in WV, #4,057 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F, employment D-.
• Berkeley County Schools (other): math 21% / reading 38% proficiency, ranked #24 of 55 in WV (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.3%/yr); 109 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 1,460 units permitted in Berkeley County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Berkeley County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.3% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $14k; list at $120k implies a 757% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,200 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — 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. 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.
6. 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.
7. 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: 1.26% ✓
• Cap rate: 11.13%
• Cash-on-cash: 17.26%
• DSCR: 1.77
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $248,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 Strine Ave	0.05mi	2/2.0 (-1)	1,116 (-0%)	3mo	$270,000	$242	85
200 Rothwell Ave	0.27mi	3/2.0	1,152 (+3%)	7mo	$229,000	$199	73
400 Athletic St	0.51mi	3/2.0	1,120 (0%)	9mo	$259,900	$232	65
210 Frederick St	0.22mi	3/1.0	1,250 (+12%)	8mo	$46,000	$37	64
320 N Western Ave	0.50mi	3/2.0	1,100 (-2%)	8mo	$246,500	$224	63
334 Yoakum Ave	0.50mi	3/2.0	1,183 (+6%)	4mo	$284,900	$241	60
327 Athletic St	0.49mi	3/2.0	1,056 (-6%)	8mo	$234,500	$222	57
521 E Moler Ave	0.24mi	3/1.5	1,280 (+14%)	7mo	$212,000	$166	57
488 E Burke St	0.73mi	3/1.0	1,092 (-2%)	6mo	$175,000	$160	57
477 E Burke St	0.66mi	2/1.0 (-1)	1,040 (-7%)	7mo	$114,000	$110	47
320 Twigg Dr	0.55mi	4/2.0 (+1)	1,281 (+14%)	5mo	$260,000	$203	37
313 Legion St	0.63mi	3/2.5	1,270 (+13%)	8mo	$294,900	$232	36

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 · 6.3% rent growth · sell at horizon

5-year hold

• IRR: 11.9%
• Equity multiple: 1.49×
• Total profit: $16,463
• Equity at exit: $17,892

10-year hold

• IRR: 23.1%
• Equity multiple: 3.28×
• Total profit: $76,499
• Equity at exit: $10,375

Cash invested: $33,600 (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 25404

• Home prices YoY: -10.7%
• Rents YoY: 6.3%
• Active inventory: 109
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,509 high
• Mortgage (P&I): −$629
• Tax from tax record: −$30 /mo · $356/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $483

Break-even live

Break-even rent $897

Max offer price $120,000

Occupancy floor 63%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
721 2nd St Unit A Martinsburg, WV	2.0	1.0	1412	$1,180	$0.84	13d	1	0.10mi
316 N High St Martinsburg, WV	3.0	1.5	1300	$1,650	$1.27	13d	1	0.40mi
117 E Martin St Unit 1 Martinsburg, WV	2.0	1.0	800	$1,200	$1.50	13d	1	0.56mi
218 N College St Martinsburg, WV	3.0	1.0	1200	$1,330	$1.11	21d	1	0.58mi
116 S High St Martinsburg, WV	2.0	1.0	1200	$1,280	$1.07	13d	1	0.64mi
226 N Raleigh St Martinsburg, WV	3.0	1.0	1200	$1,450	$1.21	21d	1	0.71mi
200 E King St Unit 10 Martinsburg, WV	2.0	1.0	900	$900	$1.00	21d	1	0.73mi
200 E King St Martinsburg, WV	2.0	1.0	900	$900	$1.00	13d	1	0.73mi
589 Berkeley Cir Martinsburg, WV	2.0	2.0	1160	$1,970	$1.70	13d	1	0.74mi
1100 Myna Ct Martinsburg, WV	2.0–3.0	2.0–2.5	1400	$1,870	$1.34	13d	15	0.79mi
215 W King St Apt B Martinsburg, WV	2.0	2.0	1192	$1,690	$1.42	21d	1	0.81mi
311 W King St Martinsburg, WV	3.0	1.0	800	$950	$1.19	21d	1	0.82mi
700 Thomas Ln Martinsburg, WV	2.0	1.0	900	$1,200	$1.33	21d	1	0.83mi
704 Thomas Ln Martinsburg, WV	2.0	1.0	950	$1,300	$1.37	21d	1	0.85mi
1123 Shepherdstown Rd Martinsburg, WV	3.0	1.0	1429	$1,900	$1.33	21d	1	0.85mi
320 W Stephen St Martinsburg, WV	2.0	2.0	800	$950	$1.19	13d	1	0.97mi
600 W John St Martinsburg, WV	1.0–2.0	1.0–2.0	976	$2,026	$2.08	13d	14	1.05mi
19 Tevis Cir Martinsburg, WV	2.0	2.0	1128	$1,545	$1.37	13d	5	1.16mi
329 Porter Ave Martinsburg, WV	2.0	1.0	800	$1,000	$1.25	13d	1	1.18mi
236 Trimble Ave Martinsburg, WV	2.0	1.5	1200	$1,350	$1.12	13d	1	1.19mi
620 W Virginia Ave Martinsburg, WV	3.0	1.0	1200	$1,555	$1.30	13d	1	1.28mi
653 Faulkner Ave Martinsburg, WV	3.0	1.5	1442	$1,450	$1.01	21d	1	1.41mi

Listing history 18 events

1. 2026-06-18
   days on market $120,000 Active 104 DOM
2. 2026-06-17
   days on market $120,000 Active 103 DOM
3. 2026-06-16
   days on market $120,000 Active 102 DOM
4. 2026-06-15
   days on market $120,000 Active 101 DOM
5. 2026-06-14
   days on market $120,000 Active 99 DOM
6. 2026-06-13
   days on market $120,000 Active 98 DOM
7. 2026-06-10
   pricedays on market $120,000 Active 96 DOM
8. 2026-06-09
   days on market $142,500 Active 95 DOM
9. 2026-06-08
   days on market $142,500 Active 94 DOM
10. 2026-06-07
    days on market $142,500 Active 93 DOM
11. 2026-06-02
    days on market $142,500 Active 89 DOM
12. 2026-06-01
    days on market $142,500 Active 88 DOM
13. 2026-05-31
    days on market $142,500 Active 87 DOM
14. 2026-05-30
    days on market $142,500 Active 86 DOM
15. 2026-04-07
    price $142,500
16. 2026-03-05
    listed $150,000 Active
17. 2026-03-05
    historical $150,000
18. 1980-12-12
    soldstatus $14,000

ⓘ 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: $356 · $30/mo
• Projected year-2 tax: $708 · $59/mo
• Expected delta: +$352/yr (+$29/mo · 99.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,110
• − Mortgage interest: −$6,722
• − Property taxes: −$356
• − Insurance: −$600
• − Repairs & maintenance: −$1,449
• − Management: −$1,449
• − Depreciation: −$3,491
• Taxable income: $4,044
• Est. tax owed @ 24.0%: −$971
• After-tax cash flow: $4,829/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: Berkeley County Schools
• NCES district ID: 5400060
• Math proficiency: 21% ▼ -12.00%
• Reading proficiency: 38% ▼ -6.00%
• Median HH income: $54,599
• Composite: 26.16/100
• National rank: #7273
• State rank: #24 of 55 in WV

Livability — Martinsburg

• Score: 75/100
• State rank: #29
• US rank: #4057

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Martinsburg, WV
• County: Berkeley County · 85,235 people
• City population: 55,439
• Metro: Hagerstown-Martinsburg, MD-WV
• Population (ZIP): 23,990
• Household income: $70,633
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 833.0

Population outlook (Berkeley County) Hauer SSP2

• Today (2025): 127,359 people
• By 2030: 134,684 · +5.8%
• By 2040: 148,219 · +16.4%
• By 2050: 159,300 · +25.1%
• By 2075: 179,920 · +41.3%
• By 2100: 183,896 · +44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Two or more races 8% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 3% Romanian 3% Italian 1%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Berkeley

• 2024 margin: Solid R (+35.8) · D 31.2% · R 67.0% · Other 1.8%
• 2008→2024 swing: -22.8pp toward R · 2008: -13.0pp · 2024: -35.8pp
• All cycles: 2024: R+35.8 2020: R+31.2 2016: R+37.2 2012: R+21.3 2008: R+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.58%
• Current HPI: 205.3277
• Rent YoY: ▲ 6.30%
• Metro: Hagerstown-Martinsburg, MD-WV
• State GDP YoY: —
• F500 in state: 0

Price history

+917.9% since first listed

4 events — show timeline

• 2026-04-07 Price Changed $142,500 BRIGHT MLS
• 2026-03-05 Listed $150,000 BRIGHT MLS
• 2026-03-05 Coming Soon $150,000 BRIGHT MLS
• 1980-12-12 Sold (Public Records) $14,000 Public Records

Property tax history

-0.9%/yr

Latest (2025): $356 · +17.9% YoY. Source: county tax records.